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 > BTE LEVEL 2 - WALL MOVED TO $5.41

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Comment by 1234bmthon Aug 29, 2023 3:55pm

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Post# 35610534

RE:RE:BTE LEVEL 2 - WALL MOVED TO $5.41

Buying back shares doesn't affect net income because it is not an expense , buyback is paid from free cash flow which is after all cash payments of the company and it is affecting retained earnings, yes, it is beneficial to buyback shares cheap so they can buy more shares for less cash and absolutely doesn't touch operating income nor net income.

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