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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 KingandBayon Feb 27, 2023 9:12pm
384 Views
Post# 35308569

Shares Repurchased!

Shares Repurchased!

Repurchased 24.3 million common shares in 2022, representing 4.3% of our shares outstanding, at an average price of $6.54 per share.


Whats the point of repurchasing shares at an average price of $6.54 per share, when the share price is now $ 5.83  per share? $ .71 Overpaid for each share repurchased for a total of $ 17.25 million

During the call Friday no mention of changing direction to increase the number of shares and increase debt. 

Management has broken trust with Shareholders!  Not impressed! Baytex Management you need to do what you say you will do!
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