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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

Comment by Relaxrelaxon Sep 25, 2021 2:16pm
366 Views
Post# 33919442

RE:BTE shareholder return plan "trailed" other cos

RE:BTE shareholder return plan "trailed" other cosIt's pretty obvious that companies with debt will trail the companies with less debt but BTE has so much torque to $70 oil with their large bpd production that they are one of the few companies that can pay down their debt quickly.  This will allow them to start buying back shares and instituting a dividend in 2022.  I didn't think this was Eric's best performance on BNN.  He seemed to be contradicting himself.  He says he's always looking for doubles then he says he made a mistake selling BTE (which must have been around $2.50) then says he gives them a $5.00 price target which is a double no?  He buys 1,000,000 shares of Suncor?  Sorry but I don't see a short term double there.  I love and agree with his optimiistic outlook on oil but you need to be aware he is a bit of a snake and his prime focus is making money for his fund.  For instance, in an interview July 29 this year he said DON'T BUY Suncor (See Stockchase), 2 months later he's buying 1,000,000 share?! Probably with the 11,000,000 shares he sold of BTE.....bad decision LOL.  I'm not saying he doesn't know his stuff, I'm just saying to be careful as he does things first and lets you know second.

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