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

Comment by RichVanWinkle2on Apr 25, 2018 4:24pm

268 Views

Post# 27940469

RE:RE:RE:RE:RE:Anyone else feel the breakneck speed of this thing?!

Interestingly to note, management projected WTI to return upwards from then $65 to $80 in 2016, $90 in 2017, and hover in the low 90s thereafter. The slide into $40 oil was not forecast. Give the 2014 annual information form filed in Mar 9 2015 a read.

RichVanWinkle2 wrote: Back in early to mid 2015, BTE trades in the low CDN$20’s and WTI oil was at about $60
This was on the down slide from $40’s and $100 oil
Market sentiment would have been expecting a rebound

Just like today where everyone expects a pullback.

so that leading edge will lag. Coming down in 2015, the price lagged falling, and today it will lag rising.

JMHO

Confusedd wrote: What's the comparison when you factor in share dilution compared to when it was last trading in the 20's.. Although the late 2016 dilution was used to pick up cheap assets which as WTI ascends should increase value