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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 anymuseon Apr 15, 2020 7:03pm
270 Views
Post# 30913992

RE:Big Banks Set To Seize Shale Oil Assets

RE:Big Banks Set To Seize Shale Oil AssetsIn the case of Whting, they have 565 million cash on hand, thier filling is to give them relief from paying thier bills so they can wait thing out. In the case of BTE, the just raised 500 million albeit at a premium 8.5%, so they are well capitalized to weather the storm as well, don't think they have anything due till 2022. I wouldn't be one to bet against BTE management as they have proved how astute they are time and again. Having said that, I'm not betting on anything in the fosil fuel sector based on supply/demand fundamentals short/med or longer term. About the only thing that will save/spike this sector is war, which is actually quite likely as the US is totally pissed with Saudi and may pull out of there sooner than peole think leaving them sitting ducks. Peolpe are getting a feel for hjat a wonderful place the world is when the air isn't full of fosil fuel pollution due to this virus, air pollution kills millions every year, the world is having one big wake up call and this virus may well result in a lot of good coming out of it. Thankfully, there actually are a lot of people who care what kind of world thier children will have.
Bullboard Posts