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 12:15pm

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Post# 36278707

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

Well they better wake up and see the reality! The Debt matrix they're using is arbitrary as it is a function of CF (based on WTI). What happens to their assumptions at $50 oil. It's time to de risk the business.

Like or not, Eric has to mitigate risk and not play roulette here.

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