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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 red2000on Oct 14, 2021 3:37pm
269 Views
Post# 34006619

BTE vs WCP...

BTE vs WCP...The race has begun a couple of month ago, and BTE is coming fast like Secretariat the famous triple crown winner !!!

Start last but finish 1st all the time ! Beat all track record !!!

Ticker janv-21 avr-21 juin-21 sept-21
  sh/Price      
BTE  0,92  $      1,52  $  2,51  $  3,87  $
% Inc. 2021   65% 173% 321%
         
WCP  5,40  $      5,99  $  6,55  $  7,42  $
    11% 21% 37%

Nice strategy from BTE management to wait until beginning of december to update 5 years plan ! Expect to see a 3 years plan or less !!!

Given the fact, that they will have in hand the forecasts of certain competitors such as WCP, GTE, TVE, ATH.
BTE management will try by all means to surpass these competitors.
In terms of dividend (my target over 3%)
Buy back shares program. (10% min.)
Much better futures project like Clearwater and more, don't forget NGL...
CAPEX plan adjusted to increasing production with great margin !!!!


My call : Better market cap end of 2022 compare to WCP 

Only my O !
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