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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 1234bmthon Sep 21, 2023 8:20pm
134 Views
Post# 35648478

RE:RE:RE:Headscratcher

RE:RE:RE:Headscratcher
Nextlegup wrote: 1234bmth

There is a difference between chronologically being at the end of Q3....and the day in which these companies get the opportunity to "Peacock their Q3 Earnings"...

The earnings have already been made for Q3, but frankly most of the North American market is ignorrant as to just how much money is being made by these energy companies...

By mid October, IMO, the audience and reputation of the sector is going to change dramatically...

and for Baytex...this will be the first Full Quarter of consolidated earnings since it's acquisition of Ranger...This is why insiders have been making large insider purchases these past few months...

The CEO grabbing a large chuck (in the $100's+ of thousands) at $5.64 as I recall, anyone care to reconfirm?

Cheers

I agree with what you are saying, no doubt if oil holds at current price BTE will jump in Oct, but what my concern is that recently almost all stocks are not moving up in line with oil price and BTE is dropping faster than most others, so the point is if doesn't go up now while oil is holding firm, but oil can't go up every day and a correction in oil price will bring down BTE significantly and even with a good Q3 results we may get at the level we are now.
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