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 > Revenue Agency

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Comment by dandu1924on Mar 03, 2024 9:14am

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Post# 35911853

RE:RE:RE:RE:Revenue Agency

On the news november 13th 2023, BTE receives notice of confirmation for tax reassessment and the numbers are $244,8 millions + interest $166,6 millions and penality $4.1 millions = $365.5 millions.

On the news of december 6th 2023, BTE has an update about this tax reassessment , BTE has paid $ 60 millions for the premium policy to cover $272.5 millions TO HELP manage the litigation risk. So this policy can just cover about 50% because the litigation can last long as 3 years and + ( an another 2 years ). So this is a another problem to come.

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