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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 269,000 gross 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

Post by Frost19on Oct 10, 2023 10:40am
335 Views
Post# 35676972

Q3 Share Buybacks

Q3 Share BuybacksI have Baytex at just under 18M shares bought back and just under 17M shares cancelled in Q3.

The 17M represents exactly 2% of the entire share count outstanding (852M).

In real dollars, around 74M USD for the 18M shares (2.1%). 

I just want to be sure I am correct in those numbers, everyone have the same?


Whats interesting on the buybacks are that Baytex was buying back ~250k shares per day in July and August. On September 1st that jumped to 300k+ then 500k+ towards the end of September. It will be interesting to see what Q4/October share repurchases start at. 
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