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 > Sell Heavy oil assets!

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Post by AvInvestoron Oct 11, 2024 2:29pm

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Post# 36263057

Sell Heavy oil assets!

Selling heavy oil assets which produce 44,000BOE/d would effectively wipe much of the debt, reward shareholders and management. The company will still have scale with Eagleford & Duvernay/viking (circa 100kboe/d). We need activists shareholders to finally unlock value in this company!

Llloydminster & peace river are today non core assets, and disposing of them would benefit shareholders and force the company to focus on light oil assets.

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