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 > WTI above $85

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Comment by Kelvinon Sep 02, 2023 7:29pm

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Post# 35617739

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI above $85

jleer42, those white tundra links are very informative, thanks. It will take a few hours to watch them but he mentions that a common cause of financial distress for oil&gas companies is that they outspend cash flow and run up their debt acquiring land, other companies etc leaving them exposed if things go wrong like a drop in oil price. Many companies, bte included, got hammered because of that.

So, with that background, I can understand the concern about the Ranger acquisition. If oil prices decrease because of weakening demand then bte will see declining earnings. So wouldn't it make sense to reduce debt as quickly as possible in order to reduce their exposure to declining oil prices?

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Rig Count Soars as Utilization Surpasses Industry Averages