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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 Billybabin61on Jul 27, 2022 8:50pm
315 Views
Post# 34855613

It is dead $$ unless you sell

It is dead $$ unless you sell I am dissappointed that they are taking this approach unlike some of the other companies I have. They are hellbound to stick to debt reduction until 2024 at which time they will "consider" steps to enhance shareholder returns. We get nothing while we wait, bottom line. As you know, it is simply a paper gain or loss depending on where you bought in. That is exactly why they could have provided an enhanced buyback at a premium for a set number of shares for those who wanted to accept. This takes nothing away from the results they have demonstrated. I was hoping that the self proclaimed major shareholder who is on social media all the time touting this company would have had a bigger voice at the table. By remember every time he talks up one of his companies, it enhances returns in his fund. All I am saying is that 2024 is a long time to wait to get paid.Good luick everyone, hope it pops tomorrow and provides everyone with a chance to get out with a good profit, or stay in and look for a better pay off.
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