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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 1234bmthon Apr 03, 2022 11:57pm
160 Views
Post# 34572023

RE:RE:RE:RE:RE:Financial results 2011-2021

RE:RE:RE:RE:RE:Financial results 2011-2021If they invest to ramp up production, there will be no cash left to pay the debt down, furthermore they can't be fixed or drilling new wells overnight, it takes months to be ready for production and what if oil drops just before they are ready to produce and hedge with low price which makes no sense or close them back which is worse, at this point in my opinion the most important thing is to reduce the debt as much as possible even I am not in favour of buying back shares at this point. And this is the perspective of long term investment.
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