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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 Relaxrelaxon Feb 28, 2024 7:06pm
580 Views
Post# 35905168

Results

Results Well that was a bit of shocker to say the least.  It probably would have been nice to get a heads up at least?  I didn't see this coming at all.  So if I'm doing the calculations.  We took a net 834 million charge but still only lost net 626.  So we would have netted $208 million.  So that would have come out to a net EPS of roughly 0.247 cents if my math is correct.  We also beat revenue 1.067 vs an estimated 1.021 billion.  So had we not got this impairment charge, this would have been a pretty solid beat of .247 vs an estimate of .13.  Again, this is my math so just my opinion.
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