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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 dandu1924on Mar 15, 2024 5:41am
311 Views
Post# 35934309

Debt level

Debt levelA new debt level, so  BTE said " intends to use the net proceeds from the offering to redeem $409.8 millions and bla bla bla , to repay a PORTION of the debt ?? ( wich amount ) and the cherry on the top is FOR GENERAL CORPORATE PURPOSES (  probably  to money for the dividend and the buyback ). So if this is the case, BTE  is doing what BIR did, I mean financing the buyback and the dividend  and  BIR is not in good shape  and the share price has been hited  hard, the share price has lost almost 50% of his value and they did cut the dividend  and the buyback. So  BTE  will need to do something  otherwise their  reputation will be burn  for ever, if this is not the case yet.
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