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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 Tommy007on Jul 05, 2024 9:28pm
304 Views
Post# 36120781

Dividend and Share Buyback Aims for Long Term Effect

Dividend and Share Buyback Aims for Long Term EffectBased on the history,  BTE will continue to play acquisition to expand its business every four to six years when the debt is gone down to a satisfactory level. The advancement of share price will be limited.  On the other hands, if the company can pay more weight on development and exploration on its existing land, the cost could be lower than new acquisition. 
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