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 > Reduction in Share Count

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Comment by topdown99on May 01, 2022 4:39pm

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Post# 34646258

RE:RE:Reduction in Share Count

That's $60M/year in saved interest payments

topdown99 wrote: Under promise , over deliver . Here is another example Nikolaos .....

Once BTE gets to the $800M level of debt they will be saving approx $60M in interest payments alone . Consider reallocating those saved interest payments by redirecting them to share buyback and you could easily see the float reduced to 400M shares by 2026 .

We can spitball idea's here all day but alas , that's all we can do . What I wouldn't give to be a fly on the wall at one or two of those board meetings , lol .

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