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.

TSX:BTE - Post by User

Baytex Energy Corp > Baytex is looking good…

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Comment by riskion Jul 11, 2023 10:49am

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Post# 35535366

RE:RE:RE:Baytex is looking good…

I think you are right. The debt looks like an enormous burden on the old 75,000 BOE Baytex, but it is not a large amount of debt under the new, much bigger Baytex relative to cash flow.

Otherwise, it doesn't make any sense for one company to trade so far below the value of its peers in a sector that is undervalued to start with.

Nextlegup wrote: Riski

I agree, hence, I've loaded up on Baytex...

The reason BTE is trading where it is, is because investors are still becoming comfortable with Baytex's debt relative to their new consolidated cashflow numbers...

Once Baytex updates it's new numbers, stripping out the wildfire anomolies, investors will have the proof they need to hop back in...

Cheers