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 > wolfbaystreet

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Comment by tazzz222on Jun 21, 2023 1:28am

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Post# 35506518

RE:RE:RE:wolfbaystreet

Hi 1234bmth, when the results came out I was concerned about the negative cash flow in the first quarter too, but when I looked into it Baytex has spent a lot of its capital budget in the 1st Q. I am not sure what they were planning on spending in the 2nd Q, but I suspect they will have higher free cash flow or they would not have had the news release.
FYI, they all likely had high professional and financing costs in the last Q closing thr Ranger deal. Time will tell.

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