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 > New Press Release - Baytex Announces Closing of Ranger Acquisition and Updated Guidance for 2023

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Comment by riskion Jun 20, 2023 2:58pm

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Post# 35505816

RE:RE:New Press Release - Baytex Announces Closing of Ranger Acquisition and Updated Guidance for 2023

Immediate NCIB submission and plans for 50% allocation of FCF to share buybacks starting immediately PLUS 25% of FCF from Jan-June to buybacks immediately. They are going to be buying a ton of shares in the next few weeks.

Buyers are going to be competing with the company which is buying tens of millions of shares.

You can see how undervalued they think the company is. The Jan-June FCF being assigned to buybacks is new information. At $4/share, why wouldn't they throw everything they have at it?

I love share buybacks, especially at this price.

Thank you market gods for this glorious opportunity.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle