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 > Baytex will open at $1 tomorrow

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Comment by TrendSwapperon Dec 07, 2020 6:27pm

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Post# 32054652

RE:RE:RE:RE:RE:RE:RE:Baytex will open at $1 tomorrow

The only problem is..under the current price of oil we have next to no free cash flow to pay down debt in 2021. I recall they estimated 75 mil in free cash flow at 45 WTI. Each $ increase in oil gives them another 23 mil, but 48% is hedged to a cap of 52. Oil really needs to get back into the 60s for us to make a meaningful dent on debt.

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