BTE Undervalued Baytex offers a deep inventory with potential for substantial resource upside across several of the highest-returning plays in North America.
Baytex's thermal recovery efforts in the Peace River heavy oil region have achieved steam/oil ratios significantly lower than some of the most economic oil sands development projects.
Heavy oil to WTI price differentials have stabilized as refiners add heavy oil processing capacity, and oil producers continue to add rail shipping capacity to sidestep pipeline
Just a few reasons why BTE is considered undervalued