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 > Share Buyback Momentum

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Post by MLEWICKIMBAon Jan 04, 2025 1:59am

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Post# 36387185

Share Buyback Momentum

With the CAD$ at 1.44 the last month and the next few months for sure the effect is quite significant on CAD$ revenues.

Assuming $1BLN in sales on average per quarter the effect is about $55,000,000 to $60,000,000 CAD.

This means up to 15M shares extra can be bought back in Q1 2025.

Start thinking about that over the course of 2025 and I am predicting that the entire NCIB can be met in 2025.

The Shares should trade over $4.00 and higher of course.

I believe BTE is a take over target given its range of production sites.

Have a great weekend.

Remember energy investors fuel the world.

ML

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