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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 Nov 03, 2021 7:20am
186 Views
Post# 34080886

Going to be an ugly day

Going to be an ugly dayThe only thing that matters is the oil price.  It's going it be an ugly day with oil down $2. Grimes is wrong about the stock not going down before earnings.  I think we see a 15 cent haircut today and if all goes well we get back to $4.27 by Friday close. Lots of irrational cheerleaders here not using data or the facts.  Ben if the quarter went amazing with hedges we still will be 1.2 billion in debt and will
need 3 more years of current prices to get rid of ot entirely.  We owe $500 million in 2024, if oil prices go back to $50 this is back on life support as a $1.50 stock.  Nuttal's supposed buy will have little effect today as the price of oil is red.   Unless oil goes north of $100 this can't go to $5.  Stop cheerleading and realize this is a 4 or 5 year game and not a one quarter game.
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