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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
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

Baytex Energy Corp
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Post by FootballFan1on Jul 24, 2015 4:29pm
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Post# 23958424

There Are Reasons Why BTE Is Trading This Low

There Are Reasons Why BTE Is Trading This LowPaid top dollar for the Eagle Ford play just before oil started tanking.....lots of debt......current ratio bad....quick ratio bad.....debt-to-equity ratio bad.....when hedges come off, it will be worse unless oil recovers significantly.....Oil companies in general are getting pounded and most will continue to suffer if oil stays in the $50-$60 range, but BTE has dug a hole for itself by piling on the debt at the wrong time, they are paying for it, and they will continue to pay for it unless the price of oil turns around in my opinion......
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