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 > Room to run

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Post by WaterDPlantson Sep 27, 2023 2:35pm

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Post# 35657556

Room to run

At the end of 2022, oil was at $77 and BTE was $6.08. BTE had a Ranger acquisition/merger to complete and 320 million new shares to absorb/turnover. Now, oil is over $90, the majority of the new shares have freely traded on the market, and BTE is lower.

We will probably have to wait till mid-November to see a reasonable share price. In the interm, BTE presents good value.

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