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 > fear of inflation and recession

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Comment by BayStreetWolfTOon Jun 23, 2022 4:34pm

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Post# 34778525

RE:RE:RE:RE:RE:RE:RE:fear of inflation and recession

All three without a dividend....that should tell people something....somehow the divy companies didn't attract your money....

BUT AS I SAY

I think it's easy when I put it in perspective of it being your own business...If it were my business I would pay debt (sure invest in clearwater) but take out my partners with company cash.

If I had a choice to give my partners money (dividend) with company money OR take out their position (buyback) with company money....I would rather get rid of them...I would rather get rid of them versus having them hang around always taking money from my business.

Maybe when people think about it in those terms it might make more sense.

Some will never get it though...

riski wrote: Yes, I was buying more this afternoon. TVE, MEG, and BTE. There is too much value to ignore it any longer.

I may not hit the bottom with these buys (actually I already haven't), but I know that I will do well on the long run.

masfortuna wrote: Yes BSW. It was meant as rhetorical. The point was that oil is still trading above $100. Meaning the actual commodity is only marginally down. If it's any consolation, I just bought 5000 shares of BTE and a few other oil stocks.