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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 topdown99on Dec 23, 2021 9:28am
346 Views
Post# 34257522

Let's review 2021

Let's review 2021I remember one year ago when BTE was trading in the 70 cent area , WTI was still trading in the high $40 range and some were warning that we would go lower .

The third trading day of Jan 2021 , WTI broke above $50/bbl permanantly and soon after BTE was trading above $1 . By summer BTE had doubled with solid volume that continued throughout the year and by fall , it doubled again .

BTE debt has been pounded down , FCF is way up and BTE sits on the most profitable new play in the sector with Clearwater . BTE made so much progress it was even invited back on the TSE S&P index .

2021 was a great year and I am hoping for another solid year in 2022 as BTE moves past debt reduction and into the next phase of their plan . 

Cheers and good luck to all in 2022 !!!!
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