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 Nov 03, 2024 3:25pm

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Post# 36294395

RE:RE:Sell heavy oil assets!

We're principally aligned, though I have much confidence in Eric and this management team. There are reasons to maintain 150kboe/d production, but in this case I don't believe it's in shareholder's best interest to do so. The heavy oil business doesn't mix with light oil and as you mentioned geography is an issue, unless you're an XOM, CVX, CNQ type....

This is where activist investors play a huge role!

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