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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 masfortunaon Sep 07, 2021 7:02pm
114 Views
Post# 33822964

NO!

NO!That's my reponse to diluting the stock to gain $200 million to speed up clearwater. Bte is trading at $2 because of the general mood towards energy and management borrowing  cash to fund projects.  It took years for BTE to finally move away from this downward spiral and it will take years to fix their books. The debt is still massive (1.6 billion) but their is hope that it can be dwindled down.  If they get their house in order, the sp will reflect this. Diluting will only drive away further retail investors at this point. DO THE OPPOSITE OF WHAT THE ARTICLE SAID AND BUYBACK SHARES AT THESE DEPRESSED LEVELS!
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