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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

Comment by masfortunaon Jul 27, 2022 8:15pm
185 Views
Post# 34855526

RE:I'm actually pretty annoyed - Yeah great quarter but...

RE:I'm actually pretty annoyed - Yeah great quarter but...Snowy they stated many times including in their presenations that the priority was debt reduction until 800 million. That would be ed of fiscal 2022 at this pace.  So in 2023 they need 400 million more before anything goes back to divy. So sometime mid 2023'ish??? You made your own case against a divy by stating how volatile the markets are in your post. Better to pay down the debt and save the interest so that we actually get a sustainable and meaningful divy in about 1 year. I have held BTE and a few others knowing full well that a divy is not going to happen for awile longer BUT I also own CJ and a few others with a divy.  So far those without a divy have outperformed my divy holders.
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