Bullboard - Stock Discussion Forum 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... see more

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Baytex Energy Corp > Deal at Eagle Ford !!!

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Post by red2000 on Aug 09, 2022 12:12pm

Deal at Eagle Ford !!!

Josh Young

@Josh_Young_1

Devon announces bolt-on acquisition in the Eagle Ford It is good to see large public companies allocating capital to buying existing production instead of drilling aggressively to grow organically. Bullish #oil. Good for $dvn. I'm not involved, no rec.
1,8B US$ for : Validus’s current production is approximately 35,000 Boe per day (70 percent oil), with volumes expected to increase to an average of 40,000 Boe per day over the next year.

Very close to assets of Baytex !!! Actually 27,800 boe/d !!!
Simple math for me : Eagle ford assets worth easily 1,0B$ US !!!!

https://investors.devonenergy.com/investors/press-releases/press-release-details/2022/Devon-Energy-Announces-Bolt-On-Acquisition-in-the-Eagle-Ford/default.aspx

Josh Young

@Josh_Young_1

 					Devon announces bolt-on acquisition in the Eagle Ford It is good to see large public companies allocating capital to buying existing production instead of drilling aggressively to grow organically. Bullish #oil. Good for $dvn. I'm not involved, no rec.

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