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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 taxman26on Mar 11, 2023 10:48am
402 Views
Post# 35332452

RE:Eric Nuttall March 2

RE:Eric Nuttall March 2the prior return of fcf was 25% until debt target acheived. Now is 50% until debt target achieved. So, whenever that is acheived fcf increases 75% for future.

FYI:

Nuttal was VERY likely consulted on this deal they need him to support for merger, not agitate against.

As well, he wants long reserves. These oil stocks will not grow production by exploration. Just stay flat and pay dividends. My guess is he will transfer most of his shares into the income fund at ninepoint after oil settles at a balanced level in few years.

Boomers what income. Oil stocks will be like tabacco stocks are. Maybe maligned but great, steady dividend payers. Exploration is not really a great strategy in the longer term in planet is determined to go " green".

Taxman out. 
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