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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 dandu1924on Feb 29, 2024 5:24am
376 Views
Post# 35905692

RE:RE:Impairment charge and debt

RE:RE:Impairment charge and debt Yes you are right, the debt is all the matter if you look for ex: ATH,  ( they did focus to  reduce the debt  in first and  the market did care mostly about this and now  ATH  is at +-  $4.85, so like you see the market did react with  the problem  of  debt level ). So in logical, BTE will still continue to reduce the debt level every quarter, can you imagine  Q1 an another $300 millions, Q2 an another $300 millions, Q3 an another $300 millions and Q4 $300 again, so  around $1.2 billion on the debt.  ATH with their 35,000 bbd $ share price around $4.85 with 572 millions share out and BTE with their 155,000 bbd share price should be at least $10-12  with their  +-800 millions shares out.

As usual, this morning the day traders and others flip flop traders will try to push down the share price low as possible to make some panic and in few days later the real market will be back and the share price should react positive.
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