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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

Comment by Kelvinon Jul 03, 2024 9:28am
206 Views
Post# 36116037

RE:Oil at $83 and BTE chart showing the start of climb!

RE:Oil at $83 and BTE chart showing the start of climb!We'll see what their breakeven costs per barrel are in Eagle Ford before I get too excited. When do Q2 financials come out? July 25th is it? Right now I've got friends who bought in to get the dividend. We'll see if they bail out in the next few weeks. The market makers will create some sort of rally for them to sell into. The rally won't be sustained if Eagle Ford breakeven costs are too high or if they get cute in how they report those costs trying to obfuscate the reality with BS language that the uninfiormed pumpers wilk latch on to arher than enlighten people with the real deal. No I'm not a shorter. I'm a pragmatist. What are the breakeven costs per barrel in Eagle Ford and what is the trajectory. They said that they were shooting for an 8% reduction but from what breakeven cost? They didn't say. I've read that it's $58 per barrel. They're not making much money in Eagle Ford even at plus $80 wti if that's true. 
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