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 > The reason BTE cant even get to $6.00 when WTI over $90...

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Comment by Retiredgeoon Sep 29, 2023 7:57am

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Post# 35661114

RE:The reason BTE cant even get to $6.00 when WTI over $90...

BTE bottomed out with the Ranger acquisition and the low in WTI ~ June 20 and loaded up on debt. The benefits of the Ranger acquisition haven't yet shown up in the numbers. The markets are all about the math and if the new math (Q3) hasn't been published yet then the old math (Q2) still prevails. All that has officially changed to date is the price of WTI.

It may not break $6 until the Q3 numbers are released.

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