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 > Baytex Update

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Post by Tommy007on Oct 01, 2024 10:18am

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Post# 36248161

Baytex Update

Shareholder from Ranger Oil acquisition selling shares.

- The Eagle Ford acreage is delivering anticipated improvements. This enables far more Clearwater production, which earns a 500% return.

- The startup of the Trans Mountain Pipeline expansion is keeping the heavy oil discount historically tight (for the time being).

- The market will eventually recognize the operational progress and improved outlook.

- The #agle Ford acquisition meant that the Eagle Ford operations were now mostly operated by Baytex, where as before acquisition, the acreage was non-operated.

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