Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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
Post by imusuallyrighton Feb 02, 2017 9:14pm
179 Views
Post# 25792849

Baytex will be a winner, just give it time

Baytex will be a winner, just give it timeOnce baytex gets $60+ oil, it will start paying down its debt (according to the management via whistler conference). Until than it will continue to increase capex at $52+. It will grow the business & the 1.8 billion will be taken care of hopefully on schedule. If not it can restructure its debt. Producers have not invested in building new oil fields, the eastern producers want and need higher oil prices. Oil will slowly rise... slowly, but surely. Those who hold & wait will be rewarded. Maybe not this year ($7-9) before year end is my prediction... possibly 10 if we see 70+. However for the brave, hold, wait. We will see $20 baytex again. Possibly $30... but count on atleast $20. Have confidence. Be patient. I've been following this stock for a long time. It's a gem. Hold it. 
Bullboard Posts