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 orlandoflon Oct 23, 2018 4:15pm

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Post# 28859449

RE:RE:what am I missing here?

Eigen337 wrote:
MEG has about 10X the oil reserves of BTE WITHOUT even considereing the GROWTH properties that have NOT been well drilled due to lack of capital !!!

MEG will produce 100K bbls/d for at LEAST 40 YEARS just with SUSTAINING and MAINTENANCE capital.

BTE (the Eagle Ford and especially the RRX part) must EXPEND an ENORMOUS amount of capital just to keep production CONSTANT with their VERY HIGH decline rates ( 35% BTE corporate, 42% just at RRX).

NOBODY beats the CAPITAL EFFICIENCES of in-situ SAGD. Cenovus is the MOST EFFICIENT of the lot. $ 13,000 to $ 14,000 growth capex per flowing barrel !!!!!!

Then there is the PROVEN SKILLSET of the team with the HIGH IP reservoir SAGD technology (eMSAGP & eMVAPEX) and upgrading technology (HiQ).

Regulatory approval of 210K bbls/d (@Christina Lake), imminent on another 123K bbls/d (@Surmont), and path submitted for another 160K bbls/d (total of 493K bbls/d within 18 to 24 months).

They have extremely VALUABLE BOOKED pipeline capacity (50k now and 100k bbls/d in summer of 2020 to the US Gulf Coast).

This is my opinion only.

Eigen337