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

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Post by 65F09Aon Dec 27, 2023 2:16pm

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Post# 35801481

ATH or BTE which is more speculative?

I would argue that ATH 'was' a speculative oil stock. It took a lot of 'belief' to buy when it was troubled.

It takes very little now and the price action reflects that. Asset is proven, debt resolved, long cash, and spits off unencumbered FCF.

BTE is far more speculative at this point and the price action reflects that. Eagle Ford asset is yet to be proven, debt is massive, not long cash, and all FCF is encumbered. The only insider selling (Oct) was the head of the Eagle Ford business unit. If it was so crystal clear, an obvious slam dunk, why wouldn't Gwaltney have held onto the 300K shares she sold? She could borrow money at 6% on margin but chose to sell stock instead.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?