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 > BTE US PRODN

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Comment by AvInvestoron Nov 07, 2024 6:50pm

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Post# 36302143

RE:RE:RE:RE:RE:RE:RE:RE:BTE US PRODN

You're wrong on those assumptions.

1) Heavy oil assets are non core. The debt situation can easily be resolved with the proceeds of such a sale. Diethrmore

2) a deal can be accretive and add to shareholder value in certain situations. Eric says to wait 3 years until they reach their debt targets. But what happens if oil goes to $50 in a sustained period. My point is to de risk the balance sheet and increase buybacks, while concentrating on your core light oil business.

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