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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

Bullboard Posts
Comment by bshort92on May 10, 2012 8:29pm
340 Views
Post# 19897297

RE: RE: RE: ceo left cuz of...

RE: RE: RE: ceo left cuz of...

So ask yourself why was CPG flying high today and why was BTE beaten down further? CPG is establishing themselves as an agressive aplha dog in the red hot light oil arena making deal after deal after deal to extend growing production and reserves all the while paying out a robust dividend that is even more generous than BTE's. There CEO is perceived of as a visionary: smart agressive, forward thinking. If the the BOD of that outfit did not like the efforts he would be shown the door. You can't think the opposite happened at BTE. Why speculate. Whatever happened...happened. A new regime, a new era is about to begin. Hopefully the share price will rebound, the production and reserves will increase and the dividend stays consistent and eventually gets increased. Debt has to be constrained and yes some solid moves on many fronts need to be implemented.

Bullboard Posts