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 > Q2 numbers look very good

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Post by WaterDPlantson Jul 27, 2023 11:12pm

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Post# 35560907

Q2 numbers look very good

I was afraid of unannounced transaction costs – but I did not see any. $96M in free cash flow is above my expectations. $48M for buybacks, of which, only $21.6M has be spent (Maybe they are holding back to fund the dividend - $19.4M). BTE’s per share income of $0.36 lags CPG $0.39, WCP $0.69. Tough comparison because of oil/gas mix, reserves, debt, etc. But both CPG and WCP shares cost over $10 – more than double BTE’s share price. BTE’s share price should rise.

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