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.

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Baytex Energy Corp

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Post by PUNJABIon May 05, 2021 10:09am

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Post# 33131368

New 52-week high

The stock is moving up slowly. With WTI at $66.47 it should be trading above $2.00. It is a cash cow at the current oil prices. As the hedges expire it would add to free cash flow.

Still some blocks for sale at current prices. Investors still on the sidelines. Maybe Oil hitting $70 will encourage them to chase oil stocks.

Too many investors are very underweight oil sector.

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