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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 Will be Acquired Soon!
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Comment by ManitobaCanuckon Jan 18, 2025 11:34am
230 Views
Post# 36410267

RE:RE:RE:BTE Will be Acquired Soon!

RE:RE:RE:BTE Will be Acquired Soon!
MLEWICKIMBA wrote: You are wrong 

3.2bln cad market cap
2.3bln cad debt
771m shares 

CAD assets worth 1.45BLN Cad

BTE shares will surge to 7 bucks minimum 

90k bpde in usd only currency with nominal lt debt





774 mil shares, 
Using MRO acquisition metric by COP (discount 20%)
Value of Eageford 92000bpd at 40k per flowing barrel is 3.7 bil US .Can easily sell EF assets for 4bil$ US.
Current market cap is 2 bil US$  ,debt is 1.6 bil US . Essentially Canadian assets are free .
Can sell EF assets , pay all debt and buyback all the stock and still have 60kbpd assets in oil plus 400,000acres . Clearwater is in itself worth a billion,can extend to 15-20 yrs life with water flooding  . Duvernay 110k acres .
Easily valued at US$5 per share =$7CAD , only needs a few good quarters and oil price above $70. 
If oil goes to 90-100 for a year or two,we will see double digits .

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