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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 Unlucky13on Oct 19, 2021 7:45pm
392 Views
Post# 34025021

$3 before $5

$3 before $5You can put it in the Board, another forecast by Unlucky13!  No way we see $5 in 2021, $3 will happen first and there will be a 30 percent haircut here.  Until there are share buybacks or dividends $5 is simply out of reach.  All the $10 or $20 talk is pure nonsense.  BTE loves to hedge and the fools hedged in the $60 range.  If they really want to hedge do it now or roll the dice and hedge half over $90.  Hedges in the $50 range will bury the returns.  It's 2 to 4 years to pay off debt and a buyback or dividend won't happen until the debt gets under a billion so it's at least two years of waiting before the shares appreciate.  A flash oil crash under $75 will send this back under $3 by Christmas.  Watch and learn from the pros.
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