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 > $6 resistance

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Comment by dllscwbysfnon Oct 17, 2023 4:16pm

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Post# 35687853

RE:RE:RE:RE:$6 resistance

I just don't want people's expectations to be too high.73$WTI is not that great. But Q4 currently averaging around 87 now that will be a great Q. That extra $14 multiplied by 150,000 barrels/day is killing it!! Imagine everyday making over 1 million dollars MORE in fcf greater than Q3.
My point is to be patient, Q3 will be good ..........

Nextlegup wrote: Re Q3 will not be that great...?

I disagree...It's relative!

This will be the first full quarter of results that will include the acquisition, and although the results will not be as good as Q4, it will show the scalable massive revenue BTE is generating, and debt being paid down.
When you compare the cashflow to the other sectors in the market...I would argue that we are killing it!

Show me another sector that is going to mimic the same results?

TIme will tell...

GLTA