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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 1234bmthon Mar 01, 2023 8:25am
274 Views
Post# 35311863

RE:I wouldn't count on it

RE:I wouldn't count on itUnfortunately recently the investors in commodity stocks are no longer considering to wait 5 years to get a decent return on their investment. As a result of the deal it will take another 3 years or so to bring down the debt to $1B and maybe 5 years to bring OS shares to current level if oil holds at least $75, but there is always down side risk to oil price as well.
IMO it will attract rational investors unless oil climbs to $85+ it may not go further down if oil holds $75+, but it needs $85+ oil for a reasonble SP appreciation.
it is all my opinion.
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