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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 Maxmoeon May 31, 2021 1:44pm
279 Views
Post# 33296776

Meanwhile, back on the farm

Meanwhile, back on the farmShorts are getting margin calls, again. It'll be a long time and probably the next mgmt team before they relist in New York. Screw New York. Baytex is still a small cap that barely appears on Canadian institutional radars never mind the yanks. Clearwater will get some attention this summer. Bte is in the drivers seat now. What to do with all that cash flow? Organic growth through the drill bit? Check. Buy a few tuck in properties from desperate sellers or their banks? Okay. Stock buybacks, divy? Yes please. Or, all of the above? Heck yeah! The stock is still historically cheap with $65 oil and oil looks higher. There are so many cheap oil producers to choose from. 
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