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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 Praxis1on Nov 09, 2018 4:10pm
114 Views
Post# 28952926

RE:RE:RE:Suncor

RE:RE:RE:Suncor
Cardboard1 wrote:
Because when you are the largest player and the main culprit for a surplus then you should do something about it. 20% of their production being WCS is enormous vs most players and more than most companies entire production.

And by the way, all grades end up in the same pipelines which are now full and unless you noticed, synthetic has been totally killed in this rout. Then you have Suncor likely holding up quite a bit of space on some pipelines contributing even more to the problem.

Do you believe the current situation is good for Suncor shareholders? Certainly not when one looks at their chart/share price.

Waiting for more shipment capacity to arrive is irresponsible. What is at stake here is reputation. Reputation for the entire Canadian energy industry. When a reputation is lost, it takes an awfully long time to be rebuilt, if ever.

Same for a stock price, this a currency. Too many companies and managers wash their hand and say it is up to the market to determine the stock price. This is idiotic. When it makes sense to buy back your shares instead of expanding production you do it. You talk with your shareholders, tell them about your financings, what is going on, etc.

Cardboard



Suncor pays a great dividend and is doing major share buybacks.  I think their shareholders can afford to wait it out.
Bullboard Posts