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 > BTE WILL SELL OFF ITS CANADIAN OPERATIONS

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Comment by Antonyiuson Sep 26, 2024 12:22pm

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Post# 36242459

RE:RE:RE:RE:RE:BTE WILL SELL OFF ITS CANADIAN OPERATIONS

The debt is a deterrent for sure, but if share prices drop low enough, then at some point it'll be a non-factor for the majors that can handle a few billions in debt + purchase cost to get a steady 150,000+ bbl/d production.

Ofc if it was a Canadian major like cnrl, then they'd sell the Eagleford assets, and vice versa if it was a US major.

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