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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 dllscwbysfnon Feb 06, 2024 6:36pm
227 Views
Post# 35866439

RE:What do you see...

RE:What do you see...Would this not go against their stated plan of 50/50. I am long and will wait and see what they did and are now planning. I am hoping for some very clear answers to buybacks, debt reduction, production and E and D costs shooting up by 20to 40%.
 3 weeks will determine my future here.
red2000 wrote: YER coming end of february.

Here is a part of what I see coming...what do you see !?

Very low buyback for january, to keep cash to pay LT Debt.
I expect 300M$ less of LT Debt end of 2023 compare to Sept. 2023.
At 8% interest, they save 24M$ yearly.

Enough to upgrade Div. for .025 quarterly to reach 0,03 per share somewhere in 2024 at 800M out. sh.   ==== 84M$ yearly.
Actually they pay on a yearly base 72M$ of div. so all good to go !

Will help to stabilize share price over 4,50$, without any others positive impact.

Probably announce at the Annual meeting of May 9, 2024.

More coming...




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