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

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Post by RottenEggSon Mar 12, 2003 9:26am

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Post# 5939771

Lookin good Q4

Reuters Baytex turns profit as sales soar 56 percent Wednesday March 12, 9:18 am ET CALGARY, Alberta, March 12 (Reuters) - Baytex Energy (Toronto:BTE.TO - News) reported a fourth-quarter profit on Wednesday as sales grew at the oil and natural gas exploration and production company with interests in Alberta, Saskatchewan and British Columbia, For the quarter ended Dec. 31, Baytex said it earned C$12.8 million ($8.8 million), or 24 Canadian cents a share. That was higher than a loss of C$141.4 million, or C$2.71 a share, in last year's fourth-quarter, which included a charge of C$131.3 million related to heavy oil differentials. Sales for the quarter rose to C$100.6 million from C$64.3 million.

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