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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 Trader60on Jul 27, 2024 9:01am
313 Views
Post# 36151025

BTE - WHERE FROM HERE??

BTE - WHERE FROM HERE??The conference call was no different than all of the conference calls in the past two years with new management - promise and underdeliver. Hopefully it will change in Q4. As noted by management in the call, Q3 will still be heavy capital expenditure.   

Look at the SP over the past two years, lower today than 2 years ago. Even for the seasoned investor, that would raise real concerns and have the seasoned investor begin to question the decisions of management.    

If the price of WTI does not cooperate for management, and BTE looses it CRA case, it will be very interesting to see where the future of BTE finds itself. Hope has become an option. 

GLTA 
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