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 > Talk about mixed opinions

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Comment by jleer42on Jan 16, 2022 1:23pm

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Post# 34321856

RE:RE:RE:RE:RE:Talk about mixed opinions

Currently all Canadian O&G stocks are increasing due to macro environment changes, I expect this to continue with various ups and downs along the way. I think the main BTE re-rating will occur this summer, probably coninciding with Q2 reporting.

Currently BTE is applying all FCF to debt reduction and thy expect to reach their target debt - $1.2b - mid 22. At this point they will then switch to a combination NCIB, dividends and continued debt reduction. THis is from their 01/22 update and based on $65 WTI.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?