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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 May 23, 2024 10:17am
266 Views
Post# 36053857

BTE value?

BTE value?BTE  is flat about  the share value,  and we wont see not much + value  soon because BTE will need to reduce by 50%  the debt, and the shares out.  So the best way to do that is: eliminate the dividend because the dividend funds and others funds are not interested  to put their money  in the oil sector, too much volatility and the dividend is not  steady and trustable, ( just look how was the high volume last week ). For the most of shareholders  the dividend does not change anything in their pocket  except for the insiders because they are holding a lot of shares.
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