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 cgyinvon Oct 17, 2020 6:01pm

196 Views

Post# 31735072

RE:RE:RE:RE:At $40 how long can Baytex survive?

Chris007 wrote: Fact of the matter is, its difficult to get a short squeeze when theres so many damn shares out there. Shares outstanding is approx. 561 Million. When they merged with raging river, that was an all stock deal that led to the issuing of a shi t ton of new shares. For the RRX deal alone, they issued an additional ~315 million shares.

So unless baytex do something like buy back share or issue dividend it's hard to have a substantial move up

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