Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > I wouldn't count on it

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Comment by 1234bmthon Mar 02, 2023 11:37am

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RE:RE:RE:RE:RE:RE:I wouldn't count on it

The reason I am saying this is that anything BTE has gotten positive momentum, the management has killed that momentum by doing a surprise, I am not against acquisation and growth, but it should be done in a way that takes in to account the benefit of the long term shareholders. This was not an appropriate time for acquisition. BTE management should have worked more on cost reduction and reducing debt to boost the SP not equal, but close to its peers, then with low debt and higher SP acquisitions would be beneficial and less risky.

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