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 alkhoron Jan 15, 2019 5:34pm

291 Views

Post# 29236495

RE:RE:BTE looks more attractive now

Eigen337 wrote:
Actually, CPG cutting their DIVIDEND from 3 CENTS to 1 CENT and BUYING back up to 38+ MILLION shares (7% of public float) is a REALLY smart move !!!

Since their share price is really LOW (under $ 4.40), it is BETTER to RETURN capital to through share buybacks rather than dividend payments. Unfortunately, many CPG shareholders will be DEEPLY disappointed in the SHORT-TERM but will be more FOREGIVING as the months go by.

This is my opinion only.

Eigen337

Actually CPG cut from 3 cents a month to 1 cent a quarter, an 89% cut.

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