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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 DivChaseon May 09, 2024 11:51pm
476 Views
Post# 36032789

Strategy seems sound

Strategy seems soundI feel that many are missing the underlying strategy BTE has chosen.   There's a reason they made thier biggest investment in BTE company history in capex last quarter.   I could be wrong but wouldn't it be wise to get pumping ASAP in order to benefit from the TMX commissioning?  Maximizing price they get for as long as possible.  Every barrel counts.   That pipeline will probably reach capacity in a year or 2.  Differential will likely increase again.  So, bravo for BTE management taking the long view.   They could have spent less in Q1 to make the report look better to investors concerned with only the next week.  That would however sacrifice much more than the small benefit gained in the next week.   Maybe I'm wrong.  Just My opinion.  I have about 10% of my portfolio in BTE.   I wasn't planing more unless something silly happens tomorrow!  I'll add tomorrow if it drops but I suspect a lot of smarter people than I will come to a similar consensus.  
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