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 > BNN- Canadian light oil hits record, $150 per barrel

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Comment by masfortunaon Mar 04, 2022 6:43pm

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Post# 34485428

RE:RE:RE:RE:BNN- Canadian light oil hits record, $150 per barrel

Wildfury your comparison is missing the fact that multiples in this sector were between 7-9x. Now they are at 2-3x. So at $45 with a 9x multiple we get $5 x 2= $10.

I used the highest multiple from 2014 with the low end in 2022. A 3x multiple takes us to $15. So unless the way the market values this commodity, Bte should be trading between $10-$15 with about 800 million debt.
Mas

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