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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 Ocalamanon Mar 10, 2017 6:12pm
164 Views
Post# 25966470

RE:RE:Anyone notice the price of oil

RE:RE:Anyone notice the price of oilSelling debt at higher rates to cover debt at lower rates will only result in even higher rates demanded by buyers, the higher rates will reduce net cash flow and take cash away from shareholders via reduced dividends or longer extension of zero dividends. This company has the highest debt to cash flow ratio in their peer group now and increased debt will not help. Thier future outlook is a reason this 48 stock is now 5. Why expose yourself to this debt monster when there are so many lower d/cf companies paying a dividend at a reasonable dividend payout ratio that will boomerang when oil comes back and are not on the edge of bring bankrupt.  
Bullboard Posts