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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

Post by Realdudeon Dec 20, 2023 1:43pm
288 Views
Post# 35794166

Sell Duvernay/Viking

Sell Duvernay/VikingAnd if they sell Duvernay and Viking together the valuation for these properties with synergies in cost reduction provide a conservative valuation of 1.5 billion Canadian dollars. Big players are wanting these assets too so finding a buyer won't take long-- you might even get 2 billion for it. This is not a time to sit on your hands as management seems to be doing. Even worse would be to wait for the saudis to cut again- good luck- their next move is to flood the markets. How do I know this? Easy. Nuttal said big drawdowns coming, instead surplus is here because the USA will not stop pumping. It's time to get meaner and leaner but in a strategic way unlike the pumpers on this board who throwing up Hail Marys. Bloody ridiculous to see adults praying for a miracle when they already see the writing on the wall. No time to be complacent....
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