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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Comment by 1234bmthon Nov 14, 2024 12:19am
128 Views
Post# 36311949

RE:RE:Asset sale South of border

RE:RE:Asset sale South of border What a logic thinking, buying Ranger Oil while WTI was $75 and even back then BTE overpaid for Ranger Oil, now they should sell it with WTI at $68, that means they should sell with a significant loss, so what was the point of buying it? Just to lose money for a re sell, I don't get your point of selling the most FCF generating assets of BTE with a significant loss. BTE doesn't need to sell core assets at discount price, this is the oil play up and down, what BTE really needs is reducing debt, lower the exploration and production cost and firm discipline on capex which in the past it failed to do so, but Q3 results is pointing to a positive path.
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