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 SigmaKappaon Sep 20, 2016 5:37pm

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Post# 25258164

I would have no issues

If they did a small equity raise. Assume at $5. Issue 10mm shares. Put 25mm into drilling eagle ford. 25mm to pay down debt. Dont know what debt rate is. Assume 7% . saves almost 2mm of interest payments per year. Use that cash flow savings to buy back shares. Between 5 to 10 per share over next 3 years they could buy back 1 to 1.5 mm of shares.

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