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 > Hedges BTE

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Comment by BeWary2on Mar 05, 2024 9:18pm

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Post# 35917104

RE:Hedges BTE

My understanding is Baytex entered into two way collars for the next three years with a floor of $70 and a ceiling of $100.

Perhaps that is one of the reasons the market is disenchanted with the stock.

Sp, effectively they are spending $1.2-$1,3 billion on E & D while making smaller
than anticipated debt repayments and entering into a locked ceiling hedge of $100 for three years.

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