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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

Comment by dandu1924on Sep 03, 2024 4:18pm
125 Views
Post# 36206836

RE:same old,

RE:same old,BTE does not make the money to pay back their heavy debt. And probably they are buying back some shares just in case they need more money and they will put  an new  issuance of shares to finance their basic operations.  The big issue is:  all their numbers are  with an WTI at $78.50.  From July  BTE  did not make enough money  to meet their expectations, they were in survival  mode and they going to bankruptcy mode, this is just a matter of time.  We will need a real miracle.
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