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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Comment by Kelvinon Sep 09, 2023 3:16pm
168 Views
Post# 35627832

RE:Kelvin

RE:KelvinThanks CountryBoy69, These guys don't have a clue as to the 2 non-damaging mud systems that bte ran trials on at Clearwater. This is very much an educated trial and error approach in order to see what works best. You learn lessons and adjust. They got Peavine IP30 production up to over 1200 bbl/day with much lower decline rates. They're applying the same scientific method at Eagle Ford. Anyway you might want to focus on the production rates. These dummies will sell or short on lower than expectation fcf, net income etc numbers. The Scots will come in and buy the dip knowing that future fcf will be fantastic. Einstein said that the greatest physicist who ever lived was Scotsman James Clerk Maxwell who said "The true logic of this world is in the calculus of probabilties. So I'm betting that bte's Eagle Ford production is on a steep increase or soon will be in the coming quarters. 
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