Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by JohnnyDoeon Jan 30, 2022 6:28pm
165 Views
Post# 34376599

RE:Going Forward

RE:Going Forward
gareez47 wrote:
Many on this board make predictions about the price going forward. Many on this board make predictions about FCF as well. In all this what I am really looking at is proven and probable reserves as Eagle Ford, the whole field not just the Baytex holdings, is depleting at a good clip. Further I see that some Clearwater wells nearby the Baytex holdings are showing some declines as well. I hope the year end Statements include a revised proven and probable reserves list. That will determine how long I stay with Baytex. Oil Price will be what it is and production will be what it is, but for how long is the big question otherwise FCF has to be diverted to aquisitions. My opinion only.

their latest presentation states they have 215 M proven plus probable barrels of reserves at Eagle Ford. Which, frankly shows you how undervalued the company is. At 80 dollar oil, what is each barrel worth?
I've wondered about the possibility of selling the eagle Ford, retrench to Canada, buyout a company like TVE and take a commanding piece of the Clearwater. TVE has a market cap of 1.9b cdn. What do you think the eagle Ford reserves sell for? 10 bucks a barrel says 2b+ in US currency. Knock some debt off, instantly be at 100k barrels a day. Or HWX. Same guys that ran Raging River. Been there. Done that. Do it again.
<< Previous
Bullboard Posts
Next >>