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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 Nov 21, 2023 5:32am
183 Views
Post# 35745791

RE:RE:RE:Baytex down because?

RE:RE:RE:Baytex down because?
Realdude wrote: I bought for $2.80 a share. However that is irrelevant and your missing the point...

What was your point? That it is dead money? Because of debt? 

If juniper wants to sell, seems like there's plenty of institutional interest, often called smart mone. BTE will need institutional interest to cross the second juniper tranche, the third they can buy themselves. This was discussed on the Q3 call. 

But you don't think it's going to move because of buybacks instead of debt repayment. Maybe. But let's take the bottom of the OPEC range. 80. That's about 76 wti. Cash flow at that number in 2024 will be outrageous. We're going to exit 2023 around 160, probably hit 165 for the year. In Canada, we've got tmx coming online next year which smart money thinks will really narrow the WCS spread. 

Unless you believe that the price of oil is going into the 50s and staying there, this is a pretty good place to be. 

You're up about 100% in 5 years. I think you'll be up another 100% in 2 years. 

You seem to have high objectives and lack patience 
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