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.

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Baytex Energy Corp > Financial results 2011-2021

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Comment by BayStreetWolfTOon Apr 04, 2022 8:59am

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Post# 34572444

RE:RE:RE:Financial results 2011-2021

JD, 100% if I recall the discussions were on focusing on the more profitable plays. Higher netback areas and of course balance sheet repair.

As a result of those decisions here we are today. Debt ahead of target and buybacks incoming.

I imagine if you asked anyone 2 years ago today if debt would be $1.2B and this quarter they would be starting buybacks you might not have had many believe you.

JohnnyDoe wrote:

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

like a lot of companies they shut in production at the start of the pandemic. Also like a lot of companies the focus is not drill baby drill. The entire industry is looking at balance sheet repair and more responsible production increases. It also seems to me that production increases are going to come from Clearwater which seems to be a more profitable play.