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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 Jul 17, 2012 11:09am
347 Views
Post# 20121310

RE: BTE target

RE: BTE target

The market, I believe, is not comfortable with BTE's direction. Perhaps the now departed previous CEO was correct. That BTE needed a more aggressive approach to sustain and still grow the firm. It is wise to pay out a close to 6% dividend but within that structure it is also imperative to achieve capital appreciation on the share price front. BTE probably needs to be more aggressive in growing production and reserves. They can do this by ramping up more production on existing inventory or making a significant compatible asset purchase. It is clear BTE is assembling a sizable capital base of cash and credit facilities. They now must pull the trigger on a lasting, meaningful strategic move that increases shareholder value without threatening the .22 monthly dividend. Hiring a new CEO with vision might be an option. The presentation extols a heavy oil focus that throws off consistent returns. So how long does the share price erode until they decide to enact action that will entice investors to purchase the shares.

Bullboard Posts