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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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Comment by JxEssenceon Jun 30, 2016 12:25pm
93 Views
Post# 25012669

RE:RE:RE:RE:RE:Buyout?

RE:RE:RE:RE:RE:Buyout?I know what the straight of Hormuz is lol, if you're in oil and don't know about Hormuz you're an idiot

they have bought more time... but the only reason they were "cashflow positive" is becuase they recovered $50 million in deferred tax recovery + massive FX recovery... those are non-operating financial addbacks unrelated to actual operating cashflows. 

BTE lost over $50 million last quarter comprehensively with around $60 million cashflow loss to the business. Book Value is highly unreliable and subject to reduction on further potential writedowns. WHen they exhaust credit, look for a working capital PP or asset sales.

BTE needs $75-100 oil. What are your Eagle Ford projections? 


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