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 > Thoughts

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Comment by BayStreetWolfTOon Jun 23, 2022 11:01am

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Post# 34777023

RE:Thoughts

At theses prices $900 million FCF....agreed with 1-3

rocristi wrote:

For those who are long-term investors, what's happening right now is a good thing:

1. Low oil prices will further stimulate demand. Prices at $150 a barrel are not good. People will turn to other alternatives and once the holidays are over, downfall will be inevitable.

2. Buying back shares costs less money these days and we all want a financially healthy company.

3. The low price may finally encourage major investors to enter. Without them it will be difficult to reach $12-14 in the short and medium term.

It hurts right now but I think it's a necessary evil :)

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