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 > Headscratcher

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Comment by JohnnyDoeon Sep 22, 2023 5:46am

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Post# 35648715

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Headscratcher

robert41 wrote: Holy cow MAS i'm messed up how does the 3rd quarter end august 31. That means q4 has 4 months in it? Or does Bte not follow a calendar year and start q1 Dec 1... what don't I know :)

Do some reading on front month versus spot price. What Masfortuna is saying is the revenue from the oil being pulled out of the ground today at 90 will be reflected in Q4, not Q3. Oil companies sell on that front month basis. I don't know where he calculated 73 something, I was hoping it was more 77ish. What 1234bmth is calculating is the average spot price for the quarter and it's definitely higher than what we realized for the quarter.

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