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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 > BTE talks Whitecap does - Hopefully we will see this soon
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Comment by masfortunaon Apr 05, 2022 8:08am
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Post# 34575843

RE:RE:RE:RE:RE:RE:BTE talks Whitecap does - Hopefully we will see this soon

RE:RE:RE:RE:RE:RE:BTE talks Whitecap does - Hopefully we will see this soonBaytex is a "comeback from the dead" story.  You are correct in assuming that the debt level is the biggest problem. The reality is that at the end of 2022 Baytex will still have about 700 million in debt (650 million fcf'ish - 25% for 3 quarters since the first quarter will not affect fcf) since they can put 575 million towards debt.  It will take  most of 2023 with oil at these levels to pay it back. I am pretty sure that with debt below 500 million it no longer becomes an issue even if oil reverses so PATIENCE is key.
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