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.

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Baytex Energy Corp > Baytex – Why share price is not moving much

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Comment by red2000on Apr 15, 2023 8:23pm

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Post# 35396981

RE:RE:Baytex – Why share price is not moving much

Always interesting to read post from ResearchSeeker and Uwebb429.

Sometimes we need to read news with a broader view !
Our patience will be rewarded...sooner than we think !

For my point of view, Baytex make a very good decision to buy Ranger Oil instead of being bought at the market price of 5,50$ or so per share. It's a huge discount compare to it's EV of 7$+.

We all know that a lot of calculation to buy others O&G cie are in progress all around North America... WHY ? Because supply is not enough for the demand coming even in a recession.

Some small cap producer (under 20,000 boe/d) are probably targeted by major one 1 !

Don't be surprise to see more acquisition after Q1 results all around North America.
It's time to consolidate rather than be swallowed up by a competitor.

The Ranger Deal will be a better return on investment for current investors of Baytex and faster then you think ! Imagine the WTI at 90$ with a WCS minus 15$ or so and NG ramping up again over 2,75$ this fall.

This is what I see...please don't hesitate to comments or post your own view ...

Please do your DD !!!

See below last month numbers for Baytex.

4th weeks in row in the green side for $BTE.TO #com Avg. trades is only 9% less of the avg. of 2022.
Interesting to see the Sh./trade increase by 17% in the last week. Weekly volume in ramping UP but still 32% less compare to avg. of 2022.