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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 konzelmannon Jan 20, 2016 11:59am
97 Views
Post# 24476800

RE:RE:RE:Eric nuttle

RE:RE:RE:Eric nuttle
Granted the destruction of oil and Eric's job as an energy fund manager puts him in a position he can't avoid, I really feel like no one would ever take him seriously at this point. Baytex may work out (certainly doesn't look like it right now, but who knows) but the fact is that it has been a big holding of his all this time when he should have held Suncor or something else equally stable. He still would have been destroyed, but at least he could say he was an energy fund manager and had to own energy, and owned one of the best performers all this time. He could then re-deploy capital at the low, whatever that ends up being. Of course, this is great to say in hindsight - but he's a fund manager, supposedly to be a smart guy that knows more than the rest, so he (of all people) should be held to a high standard with the expectation that he would be more right than everyone else. And in this case, he's been more wrong than almost anyone else. Baytex has been one of the worst performers. Could rebound, or might not, but Eric has been a destroyer of capital for his investors and he should not get out of this with a job IMO.
Bullboard Posts