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 > $89 oil is a sweet spot

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Post by riskion Oct 11, 2022 12:04pm

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Post# 35017355

$89 oil is a sweet spot

This is a good spot for WTI to trade for CAD O&G. A billion in FCF for BTE in 2023 while not drawing too much extra production or creative taxes from Trudeau.

Oil just needs to sit above $70 for the next 6-12 months, and BTE is going to blow the doors off.

Sitting pretty at $89.

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