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 > I don’t like this

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Comment by Kelvinon Sep 07, 2023 11:39am

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Post# 35624162

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I don’t like this

clamlinguine, it makes sense because the accounting equation is: Total Assets = Total Claims on Assets = Liabilities (debt) + Shareholders Equity. Therefore Shareholders equity = Total assets minus debt. Shareholders equity would be what the market judges the total assets to be worth minus debt ie market cap. So total assets = debt + market cap.

But totsl asset value fluctuates every second depending on commodity prices, interest rates, inflation in operating expenses etc ad nauseum so the sp changes accordingly because investors value total assets in different ways.

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