Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > BTE tomorrow

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Comment by geezer21on Nov 04, 2021 6:46pm

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Post# 34089405

RE:RE:BTE tomorrow

"I am not saying the company performance is not good but it just lacks some glamour ( as Nuttall said ppl are looking forward for dividend and significant NCIB)."

Paying down debt that is costing 6 to 9% is more profitable to shareholders than handing out a dividend of 1 to 3% which is what is prevailing in oil producers.

Paying down debt up shareholder's equity stake, gives the company more operating flexibility.

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