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

Bullboard Posts

Comment by Piperdownon Aug 19, 2015 3:19pm

153 Views

Post# 24032833

RE:RE:margin calls most likely

Piperdown wrote:
fundtrader wrote:
I bet most of this selling is cause of margin calls. FRom 42 $ to 7 $ in one year...this is pure bs. All analysts have a price target of over 20 $.. Buying now locks you a 17 % dividend. This is unheard off...why would anyone sell at these levels besides shorters... Best to buy and hold and get dividend. Highly unlikely if they cut it..

I bet they cut the dividend at minimum. They should really eliminate it totally. This size of oil company shouldn't even be paying a dividend to begin with. It will be cut for next month. If not the shorters will stick it out in this play.

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