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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 > Perspective
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Comment by Moemoney42on Oct 23, 2023 11:15am
103 Views
Post# 35696276

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Perspective

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Perspective
masfortuna wrote:
Moemoney42 wrote: As far as l'm concerned BTE needs to quit p!ssing around with the share buy backs and consolidate 1 for 2, cut the share count in half immediately, which would double the earnings per share, the divi if it stayed the same would be cut in half, so they could double it and still not spend a penny more and voila the metrics they're looking for is solved.. not to mention it would put the shares into the double digits (over $10) and many investment funds that don't invest in companies under $10 could then participate.. such a simple solution.. management needs to get on board.. IMO..


The main issue is the debt load. granted that if oil stays at these levels it will correct itself BUT if oil drops significantly (back to $60???) , 2.6 billion is a lot. 

Agreed the debt is the biggest issue.. that is why I say stop the buy backs and use those funds to pay down the debt instead. 
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