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 > Financial results 2011-2021

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Comment by Snowballeron Apr 03, 2022 10:01pm

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Post# 34571887

RE:RE:Financial results 2011-2021

I'm not Red and I didn't go and investigate the answer lol but I would imagine:

1) CAPEX restrictions (strict moderate growth post-pandemic combined with inflationary input costs)
2) Focus on debt repayment (75% of FCF)
3) Returns focused to shareholders (buybacks, dividend 25% of FCF)

I too would be curious as to BSW and Red's technical insight...

Wildfury wrote:
Question for you Red, in 2019 your chart shows Baytex production of 97,000 plus boe/d. What is the reason for Baytex not to be at those levels if they were reached a few years ago & why the drop off to 79,000-81,000 boe/d

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