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 > BTE AT $5.15 2 WEEKS AGO - SAME WTI PRICE

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Comment by Frost19on Jun 17, 2024 2:04pm

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Post# 36092497

RE:BTE AT $5.15 2 WEEKS AGO - SAME WTI PRICE

Baytex bought back ~6M shares in May and they could buy more in June with the lower share price.

I know it's frustrating to see the share price lower than where most believe it should be, but Baytex's FCF yield is one of the highest in the energy sector. If they continue to buyback 0.75% of shares per month (9% annualized), pay a 2% dividend and continue to grow production 5-7% per year, that’s a great business. At some point the market will recognize that.

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