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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 AlwaysLong683on Dec 24, 2024 2:58pm
181 Views
Post# 36376789

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BTE assets sales

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BTE assets sales
Moemoney42 wrote: Agreed Jleer.. the thing about having a divi is the stock is now buyable by dividend funds which would not normally be able to buy it.. IMO we need any and all types of investors in the sector as its fallen out of favor for so many and the tech sector has sucked the oxygen out of many sectors lately.
What we need is for crude to get to that ~$75 mark and hold for 2025 and we'll be fine..  ;-)

True, not just dividend mutual funds, but private wealth managers, pension funds, etc. often use the esixtence of a regular dividend as one of their screeening criteria. That said, BTE currently pays 0.025 CAD per quarter or 0.10 per year which, at share price of 3.50 yields 2.86%, which isn't bad. That said, most investor searching for yield will take a look at the top dividend growth stock names ( long history of paying a dividend, and how stable the payouts were in the past and going forward, if they usually increase it each year, etc.). That's why you tend to see a lot of the same names in Canadian Dividend Mutual Funds and ETFs,, i.e.,The Big Six Banks, Telecoms (BCE and T) midstreamers (ENB, TCP), Utilities (FTS EMA), CNQ, etc., and I suspect the same it true for other money managers.

It appears the best way to bring BTE's debt down to comfortable levels would be to sell off more Canadian assets (Light or Heavy). Not sure what certain assets will fetch at current prices, and one of Trump's top priorities is to make it as easy as possible for companies to pump out as much oil as possible to keep gas prices low. If WTI does jump to say $80 or so, the marginal fracking producers may up their output.
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