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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 > John Zechner on BNN
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Comment by Possibleidiot01on Aug 13, 2024 2:20pm
288 Views
Post# 36177002

RE:John Zechner on BNN

RE:John Zechner on BNN
TOP PICK

Baytex Energy Corp(BTE-T)

13/08/2024
Baytex Energy Corp
 

Valuation is very cheap. Unlike the past, they have a varied portfolio of operations. Huge cash flows and are buying back shares that will likely rise later this year. Cyclical, but undervalued. Should be trading at $7.

(Analysts’ price target is $6.50)
oil / gas
 
$4.765
Owned

TOP PICKS:

Baytex Energy (BTE TSX)

The stock trades at an overall bargain valuation and a discount to the energy group as they are still wrongly viewed as an over-levered play on heavy oil. The company has re-oriented its production to light oil in the highly profitable Duvernay and Eagle Ford regions while leveraging their heavy oil expertise in the Peace River and Peavine (Clearwater) regions. It has meaningfully reduced debt and increased shareholder returns, through re-instated dividends but primarily via stock buybacks, which will pick up substantially in the back half of 2024.



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