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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
Post by Johnnysbackon Mar 22, 2017 7:46am
118 Views
Post# 26012237

Future

FutureGoing forward I dont think oil can stay in the 40's. If you just think about it and the struggles most oil companies are having oil in the 40's just doesnt make sense. If you can park your money in something that pays a dividend or something like BTE if  you dont need the money for a while then I think you can do very well long term. This could be a 4 bagger or even more if oil ever gets to $100 again. I think there is going to be some buying coming up.. some of the bigger companies are looking at these supressed share prices and thinking hard about buying them up... BTE maybe not because of its debt, but it could happen, and others will be bought up in the coming weeks in my opinion. 
Bullboard Posts