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 > Our time

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Comment by Ztransformeron Jul 11, 2024 5:05pm

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Post# 36129163

RE:Our time

If WTI continues to average above $75-80 per bbl (over $80+ even better!) till second half of next year and Baytex management delivers to it's commitment (without changing strategy), won't be surprised to see $12-15 by 2024 second half IMO.

$12-15 BTE share price (assuming 750m share count) will be $9B - $11.2B market capitalization. Hopefully debt should be below $2B by second half of 2025.

P.S. not apples to apples comparison, but MEG current market cap ~$7.8B (producing 100-110 kboe/day which is 70% of BTE production, MEG has less leverage/debt ratio compared to Baytex).

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