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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

Post by Wildfuryon May 06, 2022 12:24pm
258 Views
Post# 34662484

BTE, WCP, both trading under 3x earnings

BTE, WCP, both trading under 3x earnings
Once again, I look at both Baytex & Whitecap shares trading at under 3x P/E Ratios, makes no sense & both are severely undervalued. For example, ARX trades at 15x earnings, TOU at 12x, BIR trades at 9x earnings. I could keep comparing with many other Canadian oil and gas companies that are also in double digit P/E Ratios. Would it be safe to say that Baytex energy shares should be trading at least 10x earnings, equaling approximately $25.00? As for Whitecap resources, a P/E multiple of 10x should be in the $30.00 range. What's holding these two behind in the valuations dept? Is it the outstanding shares & debt? I trying to understand why so many other companies are trading at 10x earnings or above since many also have debt, some have fewer shares & at the same time have less revenue, less production, less FCF. Thoughts on this topic?
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