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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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Post by red2000on Mar 23, 2021 8:17pm
259 Views
Post# 32863676

Moody's rating for BTE !!! Now Good !

Moody's rating for BTE !!! Now Good !Just found this on Yahoo finance !

https://finance.yahoo.com/news/baytex-energy-corp-moodys-affirms-200907941.html

What Are SGLs? SGL ratings are opinions of speculative-grade issuers' relative abilities' to generate cash from internal resources and external sources of committed financing in relation to their cash obligations over the coming 12 months. The first SGLs were assigned to 36 issuers in October 2002. Since that time, the number of issuers with SGLs has grown rapidly to 304 outstanding, as of April 2005. The SGL rating scale is summarized below. More detailed definitions appear in the Appendix.

Liquidity Relative to Other Speculative-Grade Issuers
SGL-1 : Very Good
SGL-2 : Good           BAYTEX IS NOW HERE !
SGL-3 : Adequate
SGL-4 : Weak 

I think it's a good news for major funds and institutional funds to buy shares of BTe, No ?

Still LONGS !
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