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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

Comment by Unlucky13on Jan 29, 2021 7:45am
196 Views
Post# 32418134

RE:We still making good money

RE:We still making good money Wall street bets or Robin Hood is not coming to save Baytex.  The short percentage is 15 million shares, they exist and survive at $45 oil, they can operate but they can't pay off debt four years later at $45 oil.  They owe $500 million in 3 years.  Oil needs to much higher than $52 for the stock to
go up.  That's why it's a 79 cent stock at $52 oil.  There needs to be a clear picture of debt repayment or the stock is in serious trouble.  I am a long time investor and it's a gamble and bet on the oil price.   It really irks me when these Johnny come lately types keep bragging about flipping the stock for pennies.  We want dollars not pennies and that's why the stock is 79 cents and dropping hard, too many flippers who celebrate that they saved a few pennies on their trade.
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