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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 > Like the good old days...
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Comment by uwebb429on May 17, 2023 4:05pm
344 Views
Post# 35453238

RE:Like the good old days...

RE:Like the good old days...

New Press Release - Baytex Receives Shareholder Approval for Acquisition of Ranger and Reports Shareholder Meeting Results


The majority of shareholders on both sides of the fence have agreed so it is a done deal. I believe the combined company will be officially trading and operating as one at the end of June, beginning of Q3. The official date is not too important. Any Ranger cash flow generated between now and then is already included in the new Baytex. 

The WCS WTI differential has gone from $25 in Q1 down to only $13 now. Both sides of this new company are going to be contributing to cash flow. Ranger's production in Q1 2022 went from 37,752 boe/d to 48,730 in Q1 2023. When WTI heads back up in Q3 and Q4, the short term irrational negativity about this deal will be gone.  

https://ir.rangeroil.com/press-releases/detail/394/ranger-oil-corporation-reports-first-quarter-results 
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