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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

Post by cgyinvon Nov 23, 2020 10:42pm
900 Views
Post# 31958235

BTE $40 is impossible

BTE $40 is impossibleStock price can't go much higher without pay dividends, we can find out that last time when BTE was $40 it paid about 7% div, now let just asssume 5% for $40 that will be $2, currently BTE has 561.2M  shares outstanding, that means it will pay >$1.1B for div only! 

2019 BTE had total revenue of $1.12B, and that year average WTI price was $57, so even at future $100 WTI, the revenue of BTE probably would be more than 2.5B, pay 1.1B for div? NO WAY!

 
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