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

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Post by WaterDPlantson Jul 18, 2023 2:16pm

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Post# 35546489

Holding on to BTE in the run up

I watch a lot of youtube regarding Warren Buffet and Ben Graham. Analyzing a stock is difficult and words like ‘Intrinsic Value’ and ‘Margin of Safety’ are lost on me. What I can say is my Margin of Safety is the BTE / Ranger deal presentations use $75 oil and BTE was $5.60. Oil is currently $75 and BTE is about $4.75. My Margin of Safety is about 18%. As Warren Buffet says, buy when the stocks are valued low by the market. Hopefully, BTE will go to $7 or higher. In the meantime, 18% is a pretty good return.

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