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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 AlwaysLong683on Dec 05, 2023 11:47pm
168 Views
Post# 35770339

RE:Debt….

RE:Debt….As long as BTE's debt is rated junk status by the credit rating agencies, any debt renewals will carry with them higher interest rates and downturns in the oil price will hurt the unhedged portion of their production.

Funny how, when a company's share price is falling, people blame short sellers, algos, etc., but when the share price is rising, all of a sudden  the market is recognizing how undervalued the company is and the "I told you so's" are posted.


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