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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 Lunchisforwimpson Jan 21, 2020 3:23am
235 Views
Post# 30576558

RE:Great Q4

RE:Great Q4The NAV value times shares o/s less current debt gives a share price of approx $3.50 per share.  Bte is undervalued by half and is worth more broken up. Every significant quarterly debt reduction should result in a bump up in the share price. Barring a major oil price correction down the share price should recover in succession.   Geopolitical flux upward could create new hedging opportunities to lock in the debt reduction. Will probably be up 3 cents tomorrow as oil is off LOL over night. I am going to let this play out as the share price recovery should begin the accelerate from here as value investors wake up. It is going to be impossible to ignore the free cash flow as the debt ice berg melts away. If value investors do not come then a share buy back and or dividend will do the job. This is looking really good....two more strong quarters should leave Bte locked and loaded...
Bullboard Posts