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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 NikoDoughskion Aug 15, 2018 12:51am
179 Views
Post# 28462092

RE:RE:RE:The Nutty Professor

RE:RE:RE:The Nutty Professor
chigs1975 wrote: Combined entity had just over 25pct exposure to heavy oil. Way less than other stocks. Heavy oil diffs not a major issue for newco.

im glad at the misunderstanding. That way, when they report strong production over next few quarters, rerating closer to peer group will happen much quicker.


what do you mean "way less then other stocks?"  there are majority other stocks without any WCS in their lineup.  Baytex has terrible interest rates, major debt, not a normal company.  You have a 4.15x net debt to cfo, not good.  

with declining wcs sale price and also dropping wti, you are losing badly in q3.

so maybe you're right, if things pick up, baytex offers upside again.

but for now, it doesn't seem bullish.  raging river deal isn't sold yet either
Bullboard Posts