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

Bullboard Posts

Post by Fundipon Mar 16, 2018 10:02am

388 Views

Post# 27726639

BTE debt

At current prices, Baytex can pay the interest on their debt, grow production ever-so-slightly, and barely chip away at debt.

Baytex looks like a company built for much higher oil prices.

I'm afraid that until WTI stays at $75+ for an extended period, BTE will never return to $8-10 a share.

Any lower than $58 WTI for an extended period, and I'm afraid BTE will become insolvent.

I have 150,000 shares of BTE purchased at much higher prices, so I'm hoping WTI goes much higher, but I'm quite afraid that it will become a penny stock if oil takes another plunge.

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