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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 Jan 30, 2013 11:30pm
275 Views
Post# 20915480

RE: RE: Top Pick

RE: RE: Top Pick

If one were to purchase  say 10,000 BTE shares at $46.37 a share one would pay $463,700.00 for the transaction and get .22 or $2200 a month dividend. Buy 180,000 shares of smaller heavy oil driller TBE at $2.59 a share one would pay $466,200.00 for the shares and receive a .016 monthly dividend or $2880 a month. BTE trades at over $100K per flowing boe...TBE at under $35K per flowing boe. I like BTE as a steady performer but I think TBE can go to 3.50 a share an increase of .90 or app. 35% on the capital gain side. For BTE to achieve 35% capital gains the shares would have to run to over $62 a share. BTE produces 54000 K boe/d. TBE app. 18750 a day. A little over 1/3 BTE's production.. Heavy oil is not in favor but this might be  the time when one accumulates the shares. If you like the sector both issues offer great returns.

Bullboard Posts