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 > Thoughts about BTEGF from IV board

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Comment by rockman998on Jul 04, 2021 1:16pm

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Post# 33490754

RE:RE:RE:RE:RE:RE:RE:Thoughts about BTEGF from IV board

I agree the aurora deal wasn't good for the company either; but I understand it was more a board decision, although Bowzer's background made him a key player. I thought Bowzer left because of the deal.
The Raging River acquistion just made things worse. The stock price was @$24 before the acquistion and $4 near the end of the year, then recovered to $9-$10 later. I understood one of the key elements of the deal was the replacement of dwindling reserves but it also takes capital to develop those reserves.
It's interesting to note how all these oil acquisitions get labeled by management as "immediately accretive" although in the last 5-6 years they seldom are.

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