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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 MLEWICKIMBAon Jun 17, 2024 7:47am
193 Views
Post# 36091677

Sell Sell Sell Buy Buy Buy

Sell Sell Sell Buy Buy BuyI don't see downside in oil the next 90 days

I see the only risk right now on BTE is that Q2 is also heavy on capex and not that much free cash flow is generated -- 100m cad let's say.  Also debt only moves down marginally if at all.

My thinking is as May is a big month for CAD Capex the major portion of projected 700m in fcf will be generated in Q3 and Q4.

That's the risk I see.

The stock is still undervalued and should be 5.50.

ML
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