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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 NobleHouseon Apr 03, 2024 1:38pm
147 Views
Post# 35968196

The Inventory Report

The Inventory ReportOther than the Board nutbars and shorters does anyone else believe anything those Democrat paid hacks has to offer. Inventories up 3 plus million , yeah sure.What happened to refilling the SPR , that alone would require the total US production for well over a month , that assumes not one American drives a car , heats a home and no US production of everyday essentials that require Oil to manufacture.This is just another deception practiced by Biden and his weak willed vote hungry cronies , as they know their heads are about to be handed to them in a little over 7 months. The SPR is called strategic for a reason and looking at chaos over the globe , short of a nuclear war , it needs to be refilled or the Military will be hamstrung.Then look at the TMX starting to flow , and that oil will not be going to our neighbours who have raped our oil patch for decades .What does this mean for BTE, lots of potential upside as the differentials will narrow boosting profits of their CDN operations and the price of WTI will go up since they will not be able to manipulate Landlocked CDN  Oil. Now if BTE MGMT actually increased their dividend to match companies such as WCP then their is no doubt that in my way of thinking that the SP will be higher by at least 50% if not a double or more. One final thought , dispite all those who promote share buybacks , what exactly has that financial engineering done for shareholder returns , nothing , squat ,Nada .Let a shareholder who actually invested real money make the decision what he wants to do with that dividend., not MGMT who only look out for their well being.I mentioned that before when some pro mgmt supporter said that MGMT was fully invested and alligned , when in reality they own well less than 1% of the company.
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