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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 > I was wrong
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Comment by ztransforms173on May 01, 2024 12:20pm
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Post# 36017587

RE:I was wrong

RE:I was wrong
 
Realdude - (5/1/2024 12:08:13 PM)
 
I was wrong
 
Baytex is not dead money anymore it is a slaughter fest instead. Management is brutal and very concieted. Sell the crappy canadian oil assets to pay off debt. Enough already with the real or fake buybacks. Mr. Market hates debt, period. 

***

- RIGHT NOW, the Canadian HEAVY OIL assets are the MOST PROFITABLE in the Baytex PORTFOLIO and they will GENERATE GREATER OPERATING MARGINS as BTE DRILLS NEW MUTI-LATERAL WELLS in SK and WCS GAINS on WTI

- DEBT is NOT a PROBLEM IF you are ABLE to PAY the COUPON RATE and MAKE DEBT REPAYMENTS

- BTE has a PROBLEM because it is FORCED to HEDGE and NEVER SEES the HIGH crude oil prices FLOW INTO the BALANCE SHEET

- MEG Energy became a POWERFUL STOCK when it DITCHED OIL HEDGES in 2022 and RODE THE TIGER

z173
 
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