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 > Share buybacks

<< Previous

Bullboard Posts

Next >>

Post by Frost19on Dec 05, 2023 8:23pm

273 Views

Post# 35770181

Share buybacks

Baytex bought back about 11M shares in November.

Thats over 1.3% of the total outstanding share count in 1 month.

Whats interesting is, as the price of oil drops, the FCF drops but the FCF is mostly allocated to buybacks which now cost less because the share price is lower. Alternatively, when the price of oil goes back up, then the FCF increases but so does the share price meaning buybacks cost more.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features