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

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Comment by Praxis1on Sep 06, 2018 1:31pm

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Post# 28573473

RE:RE:RE:Pull the pin...

Chris007 wrote:
bluehoo wrote: they've been loosing 50mil plus a quarter for more quarters than you have fingers to count. even if oil goes to 80-90 it will take years for these guys to turn it around due to the debt load.

I agree that BTE is essentially a medium-long term turnaround story. The substantial debtload is indeed holding this stock back, and annual interest expenses of $100m+ impacts profitabilty. I strongly think that management should focus on deleveraging rather than growing production, since theres arguabley more value in improving the company's balance sheet than trying to grow at this point in time.

And this is what I have been saying since the merger!

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