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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 > Sell Heavy oil assets!
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Comment by AvInvestoron Oct 12, 2024 7:14am
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Post# 36263700

RE:RE:Sell Heavy oil assets!

RE:RE:Sell Heavy oil assets! So if the assets are in demand, then why not put them up for sale at a descent premium and reduce the debt. Obviously, the market doesn't like their debt position and focusing on light oil would reduce costs and streamline operations. Along with Waterford & Duvernay, they would still be a significant producer at 100kboe/d
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