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 Jun 18, 2018 9:22am

167 Views

Post# 28184980

RE:RE:just saw the merger news - surprised

Less debt per barrel is a good thing. On a % basis debt is being reduced without divesting production assets.

orlandofl wrote:

orlandofl wrote:
looks like about $87,500 per flowing barrel - I'm surprised at the move - minimal long term debt - not sure what to think

I thought if anything they would sell assets not acquire - good that it was an all stock deal - I need to read some more, but interesting activity - did anyone see them acquiring assets?

I saw them waiting to sell - this is definitely a strategic move ont their part - probably lots of cost savings and/or make the more attractive for a buyout -

hmmmm - not sure what to think -but I like that they are making moves - just totally surprised

not sure what I think - going from 236m shares to 555m shares - big increase in shares for 24K additional production - hmmmmm - seems like a lot, but it looks like they are trying to deal with debt with increased production and lower overall cost reductions per barrel - higher production can help them deal with debt, but I don't know what to think - it seems like Raging River got a good price - hopefully it works out well - all those screaming for action just saw some - I don't know if this is a better move than just waiting or not - they do pick up decent production with very little debt and they also pick up assets - who knows

if oil prices go higher BTE will do well - if not than they won't