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 is looking good…

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Comment by dllscwbysfnon Jul 10, 2023 8:40pm

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Post# 35534651

RE:RE:Baytex is looking good…

Ya, but it would be a lot more fun at 80$ wti

riski wrote: I keep seeing this sentiment on here from (seemingly) new posters and I think it's worth pointing out the inaccuracy.

Baytex does NOT need higher WTI to do well and for shareholders to be happy.

Baytex is a cash flow monster today, last month, and 6 months ago at these same prices. There is tons of cash coming in. Nothing has changed in many months except for the share price tanked after the merger as every single Ranger holder seemed to want out at the same time creating a high value opportunity that many players, mostly institutions, are competing with each other to get a full position...which is millions of shares for them.

You sound uneasy about Baytex, but you shouldn't be. A word of advice: when WTI drops to $65 again, just relax. Oil is not going back into the 40s anytime in the next 5-7 years and BTE makes a lot of money at $65.

WTI does not need to go up for BTE share price to go way up.

Nextlegup wrote: Trading up on a down day from WTI...sweet!

If Crude prices can establish a decent footing, Baytex should be a cashflow monster...and with the projected upside
on WTI, I believe shareholders are going to be happy over the next 6-12.

I've continue to shift my portfolio to an overweight in Baytex...We'll see how it goes.

GLTA