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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Let's review 2021
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Post by topdown99 on Dec 23, 2021 9:28am

Let's review 2021

I remember one year ago when BTE was trading in the 70 cent area , WTI was still trading in the high $40 range and some were warning that we would go lower .

The third trading day of Jan 2021 , WTI broke above $50/bbl permanantly and soon after BTE was trading above $1 . By summer BTE had doubled with solid volume that continued throughout the year and by fall , it doubled again .

BTE debt has been pounded down , FCF is way up and BTE sits on the most profitable new play in the sector with Clearwater . BTE made so much progress it was even invited back on the TSE S&P index .

2021 was a great year and I am hoping for another solid year in 2022 as BTE moves past debt reduction and into the next phase of their plan . 

Cheers and good luck to all in 2022 !!!!
Comment by BayStreetWolfTO on Dec 23, 2021 9:34am
Great summary TD, I hope you and your family have a wonderful Christmas and yes looking forward to 2022!
Comment by topdown99 on Dec 23, 2021 9:38am
Thanks Wolf , Merry Christmas