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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 d_trumpon Apr 20, 2016 9:49pm
255 Views
Post# 24791928

RE:BTE has the best netbacks so far

RE:BTE has the best netbacks so farAnother totally bogus claim by Protrader/Fullreversal.  Anyone with any knowledge of the energy sector would know that BTE's netbacks are no where near the top of the pack.  From their April 2016 investor presentation pg 22 (also in the Q4 release):

Q4 2015 field netbacks:
Canada $5.73
Eagle Ford $18.77
Total $12.32

https://www.baytexenergy.com/files/pdf/corporate-handouts/April%20Presentation.pdf

Would love to see your spreadsheet.  Off the top of my head I would say RRX's $31 netbacks are at the top of the list.   At $12 BTE would be in the bottom half for sure.

And please don't say the Canadian netbacks are not relevant because I know that Fullretard/Pro-turd have both claimed that BTE has shut in their Canadian production.  Only about 6k BOE's have been shut in.  They are still producing about 30k BOE's in Canada.
Bullboard Posts