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

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Post by IndianSparrowon May 25, 2022 11:08am

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Post# 34706361

SP in a tight range....Why ???

Comparing to its peers, BTE is being held in a very tight range since the last news release. As we move towards 30 days or more and if the SP stays in this range, I strongly suspect that there is a possibility of a takeover offer coming. Have seen this happening too many times. BTE is also a very attractive target at current market cap. Even if a takeover offer comes at a 100% premium to current SP, it will be a bargain. JMO.

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