Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

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Baytex Energy Corp > Risky disappeared after being so wrong

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Comment by riskion Apr 04, 2023 9:58pm

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Post# 35380146

RE:Risky disappeared after being so wrong

Nope, still here and enjoyed adding at $4.38 and $4.56.

We are heading toward a global energy crisis. The payoff for investing in energy stocks is going to be unfathomable. WokeLemming thinks everyone should have sold at $9 (and crystalized all those capital gains for tax...ouch!), but $9 is going to look very cheap at some point in the next 18 months, possible quite soon.

BTE is in the best position today to capitalize on increasing resource prices being undervalued AND maximal torque. Cash flow sensitivities (chart from Peters & co below) show BTE near the top of the list for base case ($70 WTI) and high case CFPS at a whopping 24% at $90 WTI.

Wow, what an opportunity.

Sit back and enjoy the ride.