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 > Nuttal said $3.60 at $70 oil

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Comment by JamesTon Jun 03, 2021 12:35am

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Post# 33317018

RE:Nuttal said $3.60 at $70 oil

Management hedging strategy is based off company survival. The way they see it, they it doesn't matter if the stock price is at $2 or $10, they get paid exactly the same regardless. If the company goes belly up then they lose everything.

Unlucky13 wrote: Why is this threatening to go under $2 at $70 oil? I know why, it's a total mutt with industry lagging hedges. What a bunch of imbeciles hedging at $53.

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