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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

Post by retiredcfon Oct 09, 2023 6:49am
221 Views
Post# 35675676

Comparison

ComparisonAs for the $5.00 comment, this was obviously written before the Hamas invasion of Israel (and subsequent rise in oil prices). GLTA

October 6, 2023

I added to WCP with the pull back in oil prices as it pays a reasonable dividend. I am thinking of putting in a 1/2 position for BTE. What do you think of the company and what would be a good entry price?

We like BTE better these days. It was in the dog house for a long time (high debt, dividend elimination) but has managed to get things back on track. It has re-started a dividend, and is very cheap. Debt is still higher than most peers, however, and it made a $1.3B acquisition this year while the rest of the sector focused on paying down debt. We do like WCP better but for diversification. we think BTE becomes more interesting if it goes below $5. (5iResearch)
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