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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Comment by Kelvinon Aug 29, 2023 4:53pm
99 Views
Post# 35610689

RE:RE:RE:RE:RE:BTE LEVEL 2 - WALL MOVED TO $5.41

RE:RE:RE:RE:RE:BTE LEVEL 2 - WALL MOVED TO $5.41dllscwbysfn, OK the following is what I've learned so far: Total Assets = Liabilities + Shareholder's Equity. For a given amount of liabilities, when you reduce total assets by say $1000 then you reduce shareholders equity by $1000.

So shareholder's equity = total assets - liabilties. Say you start with $2000 in total assets and $1000 in liabilities so shareholder's equity is $2000 - $1000 = $1000. Say there's 1000 shares. So each share is worth $1000/1000 shares = $1 per share.

Now say you buy back 500 shares using $500 of your total assets. Now you have sharholders equity = $1500 - $1000 = $500. So each share is worth $500/ 500 shares = $1 per share. No change. I have never understood how buying back shares increases the share price. But then I am just learning this stuff.
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