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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 Bmclavon Jul 03, 2018 10:35pm
131 Views
Post# 28265359

RE:Imagine if I shorted at $50

RE:Imagine if I shorted at $50Step of the edge unlucky! I feel you’re frustration totally having been in this game since 2015 waiting for that break . But guess what now is the worst time to quit on this name. If you wee gonna quit shoulda done it by now. Wait until the fall, the SP will be double after a full summer of consistent oil storage draws like last year, which will without a doubt drive WTI to the $80s where BTE (and RR) will have merged and be pumping out > 1 billion per year in FCF.. At those levels easy to implement a dividend and still pay back > 500 mill in debt a year. Forget the day to day BS just check back in a month or a few, bet the SP will be significantly higher. 

Bullboard Posts