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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

Comment by JohnnyDoeon Oct 17, 2023 9:07pm
251 Views
Post# 35688232

RE:RE:RE:$6 resistance

RE:RE:RE:$6 resistance
dllscwbysfn wrote: Q3 results will not be that great,WTI averaged about 73. Hopefully we get some clarity on some things . I am hoping that they announce they will end the buyback program at the end of this year as they don't want to pay the extra (liberal) tax. Take these saving and pay off more debt. Then if WTI prices hold then we get a GREAT Q4
Retiredgeo wrote: We are getting closer and closer to the Q3 results.  There isn't much to be gained by selling at this time.



I don't think you're going to get your wish for 2 reasons 

1. I don't think the 2% means much to companies buying back shares if they believe their shares are seriously undervalued which i believe BTE thinks is the case 
2. They continue to signal what their shareholder returns policy is. I think we'll see a modest dividend increase but the majority of returns will be buybacks until we see some significant share price appreciation 
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