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 > Why keep heavy oil assets?

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Comment by AvInvestoron Oct 23, 2024 7:57am

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Post# 36278075

RE:RE:RE:RE:Why keep heavy oil assets?

Manitoba, in the short run, the impact of lower WTI & BRENT (EF exports), can have material impact on the business. In effect, management is betting on $70 oil to reach their $1.5b target. Investors will never have confidence in this company should they push it out further. Why not de risk that position?

Btw, the debt is not all due in 2030. Some of it is in 2028, while a good $500-600M is a revolving credit with the bank at a floating rate!!! The floating rate date should be paid down ASAP!

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