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 broker71on Sep 10, 2018 9:36pm

217 Views

Post# 28594533

RE:Canadian light and heavy oil discount

When it comes to BTE, it is debt and hedging hurting it more than the WCS discount. Only 36% of their production is heavy oil alot of their production is Eagle Ford before the RRX acquisition.

OPERATING

Daily production

Heavy oil (bbl/d) 24,868

Oil equivalent (boe/d) 69,522

Pete2017 wrote: continue to slide . As of today It stands at 17.18 for light oil and 27.2 for Wcs for
october. Don’t get discouraged by this as market prices in all the suncore production increase that is coming online in October.
I see Bte going up soon as I don’t see those discounts remaining that high for too long. In December rail will pick up all exrta crude that is in storage.
Bte should be back to $4.5 -$5.50 by the end of 2018.