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 > Dividend Hike Coming? Let’s Speculate!

<< Previous

Bullboard Posts

Next >>

Comment by AvInvestoron Nov 27, 2024 11:26am

73 Views

Post# 36333631

RE:RE:RE:RE:RE:Dividend Hike Coming? Let’s Speculate!

By your account, debt would be at $1.9B. Do you truly believe that this would incentivize the market enough to purchase the 70-80M shares that the company bought back? Very few investors are buying energy and that's the reality! If debt were to be below $1B, then I would agree. Don't forget that there are penalties to ending the term loan early, nowithdstanding the line of credit (Floating rate debt).
The issues here is with the post Ranger acquistion! A sensible move would have been to sell heavy oil assets, which in my view, should have be done in late 2023 - early 2024.

<< Previous

Bullboard Posts

Next >>

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!