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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 Snowballeron Feb 28, 2023 11:20am
127 Views
Post# 35309710

RE:RE:RE:Clowns

RE:RE:RE:ClownsExactly.  Could have kept existing capital structure and push divi which would increase risk. Instead they chose a MASSIVE GROWTH strategy when everyone else is limiting growth and giving back to shareholders.  Chevron announced massive sharebuback... BTE announced aggressive growth strategy. This is so pre-pandemic thinking loll.. sinking capital band leverage ack into the ground.  BTE should have been more patient and transparent imo.  We are only wrong if this is the low point in oil prices. I doubt that it is. Growth in tight financing conditions in the face of slowing global demand of all things due to Central Banks and the war on oil.
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