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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 masfortunaon May 06, 2023 2:22pm
294 Views
Post# 35434729

RE:Bte report...

RE:Bte report...I am no fan either for 2 reasons.  I think the timing is terrible ESPECIALLY since they did the samething the last time around and almost  led the company into insolvency. Add to the fact the fact that they had preched a "cash discipline" philosophy, this deal is the complete opposite. A smaller acquisition I could understand, but they are betting the house AGAIN that oil will rise and that an economic downturn would be a minor affair. 
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