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 > Share buybacks June

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Comment by Ztransformeron Jul 06, 2024 7:27pm

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Post# 36121429

RE:RE:Share buybacks June

We can all post our stock predictions ($6/$7/$8/$9.... by whatever timeframe) .. who knows what's gonna happen! While I am loving cheap share buybacks, it's super duper crucial for Baytex Execs to show debt reduction too on their financials. MIGHT be nice to see 50% increase to dividend when Q2 results come out or in Q3. $80/bbl+ average WTI price will be wonderful in second half this year.
p.s. 50% div bump implies ~$35m per year incremental dividends payout @ 800m shares outstanding.

z172

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