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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 dllscwbysfnon Feb 24, 2023 4:24pm
303 Views
Post# 35304418

RE:NYSE CURSE

RE:NYSE CURSESo you are short this stock then? Or are you just warning everyone who is long? If it is not 1 of those 2 then why are you here?
 Personally i think this stock is doing fine. Last year it made 44%. It paid off 30% of its debt. It increased its production by 4%, bought back 24.3 million shares. These are all things that will lead to a better stock price. All of these things are happening everyday still. 
 Wild invest as you think is whats best for you, I will do the same. I am long.
Wildfury wrote: A few years ago the NYSE delisted Baytex for a reason , history will repeat this for BTE again. Oil prices have dropped yes since last summer but BTE has dropped to levels far more it's peers in comparison .BTE added to the TSE 60 , NYSE , started NCIB , Slowly reducing debt so what's the problem with this stock ? .As the new CEO stated yesterday in the year end earnings report ,quote , we have added and initiated shareholders value. The stock is tanking , no support , no buybacks , no trust by the institutions , if there was it wouldn't lagging more than others. I'm sure the fanboys will have some defending words on Baytex's performance ,but when the boat is sinking there's only so many life jackets to go around . Something is not right with what's happening here and I'm blaming the CEO for the price slide. Take a good look at Baytex insiders buying , there is none ,not even at these prices so why would anyone want to own this?


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