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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 d_trumpon Apr 07, 2017 1:30pm
56 Views
Post# 26092781

RE:RE:RE:RE:RE:SGY Insiders

RE:RE:RE:RE:RE:SGY Insiders
fellowship wrote:
d_trump wrote:

BTE is a great buy only if you are confident that we will see $57-60 oil this year.


Man, I read this countles times.  Are you human or not ?

Please tell me how you compare a company who have not made the investments necessary to get production at 70,000 with one which already have eveything ready for that production.
Please tell me that.

You guys dont think...just same cr@p over and over again.


You can believe what you want but here are some facts to consider:

From Dec 2014 to present:

SGY Q4 2014 production 14k BOE's  Guidance for 2017 14,450 BOE's
SGY debt Dec 2014 = $564M  Current debt $162M
SGY despite recently increasing their dividend, SGY is projecting their debt to drop 25% this year
SGY regular signicant insider buying, CEO takes no salary

BTE Q4 2014 production 92k BOE's  Guidance for 2017 68k BOE's (26% decline from 2014)
BTE no change to net debt since 2014
BTE minimal insider buying, none from new CEO

Bullboard Posts