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 appletonon Jul 18, 2019 6:32pm

188 Views

Post# 29937174

RE:RE:RE:RE:RE:RE:I made a mistake

BTE is making money at 55$/barrel and they have hedged half of their production at higher prices. They are paying down their debt on schedule. I do not see why there is so much talk about bankruptcy. It is Motleyfool analysts who are excited about bankruptcy but all other analysts are giving target prices higher than 3 dollars.
The SP is down because it is summer time and all negative sentiments are reflected to a larger scale, and the whole sector is suffering.
Is there some information I am missing ?

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