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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 JohnnyDoeon Feb 28, 2023 6:27am
146 Views
Post# 35308833

RE:RE:RE:RE:Interesting rumor...

RE:RE:RE:RE:Interesting rumor...Red I've had discussions with IR in the past about the Eagle Ford and whether they've considered selling it. What I was advised was that non operated assets sell for far less (I forget the numbers but significant) than operated assets. So this deal should immediately add the Ranger value but also increase the value derived from the existing asset. 

Not hard to understand the US listing with this company. Not on wood but getting valued at the price of a US firm as opposed to a Cdn firm would be a nice bonus
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