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 > Mergers Acquisitions and Oil Prices

<< Previous

Bullboard Posts

Next >>

Comment by Unlucky13on Jan 18, 2022 6:34pm

175 Views

Post# 34330750

RE:Mergers Acquisitions and Oil Prices

Good thoughts but I have been hearing about BTE being bought out for 7 years and it hasn't happened. In that time they made two acquisitions. The market cap is 2.5 billion now, half of the Raging River and Aurora deal. Not a good time to sell off for such a low price for shareholders. Also, any big time player should have bought this out at the start of Covid, not now after such a run.

I stand by my conviction that a $70 oil price means a dollar correction in the stock.

<< Previous

Bullboard Posts

Next >>

Three micro-cap value stocks trading at peak pessimism