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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 HeavyBananaon Oct 01, 2024 11:13am
115 Views
Post# 36248313

RE:RE:RE:RE:Buyback

RE:RE:RE:RE:BuybackContinued buybacks to the tune of $30,000,000 gives about 21 days at their stated commitment of $1,400,000 per day from Sept.13 on the basis of WTI averaging $70 for H2.

It's fair to ask would the company have clawed back the spend or halted the spend with WTI being lower than $70 in recent weeks until more clarity was in sight.

Q3 average is going to be well higher than $70 WTI so we'll all see in a day or two if they became more prudent for September buyback or not.
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