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 > Deal done june 21st !

<< Previous

Bullboard Posts

Next >>

Comment by uwebb429on May 19, 2023 1:32pm

252 Views

Post# 35456828

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Deal done june 21st !

The current BTE share price fully reflects the Ranger merger. It is not magically going to go up once this deal becomes official in June. Everything about this deal is already known. There are no surprises that are suddenly going to move the market.

BTE will go up when the price of oil goes back up and it will go down if the price of oil goes down. BTE + Ranger might have more torque when the price of oil moves up and down but ultimately this stock is 100% dependent on the price of oil doing its thing. Hopefully oil moves higher like all the experts are predicting.

<< Previous

Bullboard Posts

Next >>

Calibre discovers significant gold in Newfoundland