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.

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Baytex Energy Corp > Buyout potential scenario?

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Comment by 1234bmthon Aug 16, 2024 10:48am

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Post# 36182512

RE:RE:RE:Buyout potential scenario?

BTE is not a target of acquisition due to 2 main reasons. 1- BTE's assets are way too spreaded, unless they sell assets by assets which I find it unlikely. 2- the life of reserves are relatively short for acquisition, companies are looking to secure long time reserves. BTE needs oil above $75 for a long period of time to reduce debt and create meaningful SP value.

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