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 > NCIB

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Comment by Moemoney42on Dec 22, 2022 11:12am

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Post# 35187129

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NCIB

Those reasons are exactly why you do a reverse 2 for 1.. you have 1/2 the number of shares to pay the divi on and the net worth per share doubles.. and the plan moves forward with debt retirement and cash in my pocket.. and AGAIN I say a reason for dividend funds to invest.. we need all the investors we can muster up now a days.. and that's one easy way to drive them our way..

dllscwbysfn wrote: But when you start paying a dividend you do not have to pay to those shares that have been bought back.So 23.5M shares at a buck(lol) a year divy in savings, every year. Also when calculating the value of a company shares outstanding is a very important factor, net worth divided by outsatnding shares. I do agree that the NCIB has done little for the stock price but the same can be said about debt reduction, or increased production. Its all snafu
Moemoney42 wrote: "Patience. I don't want a r/s to try and attract possible buyers because of a threshhold amount. If oil improves in 2023, the sp will climb. If oil goes to $50, then the sp will drop. Pushing the sp issue is not imho relevant at this point as we still have a large debt, are in a much maligned sector, and are in the crosshair of any politiciansaiming to win votes. I say "leave it alone".

That debt is being paid off quickly.. and will soon NOT be an issue.. what concerns me with the share buy backs is this.. Quote:

"Year to date, the company repurchased 23.5 million common shares for $154-million, representing 4.1 per cent of its shares outstanding, at an average price of $6.53 per share."

4.1% less shares surely hasn't supported the share price since the NCIB has started this year..
As I said previously debt and divi's will propel this stock much higher than a buy back.. IMO
After all 1000 shares at $10 is no different than 500 shares at $20.. its irrlevant really