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 Gashole1on Oct 13, 2016 9:51pm

94 Views

Post# 25342052

RE:Dividend reinstatement

coolcoal wrote: In 2017. Oil heads to $70 next year you can pretty much garauntee the dividend will be back. Debt is high but the torque in revenue to increasing oil price is much higher. Bte reminds me of Teck when they bought elk valley coal with debt just before the 2008 market collapse. Nearly bancrupted them, but when coal came back they were gold. Bte bought a great asset with their debt that will literally pay dividends as price comes back up.

cc

I would estimate they would be interested in paying down 1/2 their debt before considering paying any dividends.

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