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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Shale plays
View:
Post by Frank007 on Jul 28, 2023 8:38am

Shale plays

Cpg and wcp ..have no shale oil wells in Canada ...not sure if cpg still has the bakken shale play .....conventional wells have a decline rate of around 7% .....shale wells have an initial decline rate of 60%.  First year and 80 % in the second year of production ....by that you can figure out the cap ex needed to keep production flat .....even the u s sweet spot the Permian goes down by 60% first year ..lleaglford is a shale play that's all I am indicating .....I have bte shares and hope the production can remain flat or grow a bit but if it declines so will the div and buybacks and the share price ...lwating close here ...glta ...
Comment by dllscwbysfn on Jul 28, 2023 9:40am
Well Frankie you seem like a soft bashing short to me.
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