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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 > Analysts on Baytex
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Post by woolco on Mar 04, 2023 9:08am

Analysts on Baytex

All the different banks that funded this deal with Ranger Oil...are now in a quite period.  They need to wait 30-45 days to publish anything on the stock.  We should highly expect some raving recommendations and higher targets in early to mid April from these guys.....

The deal for Ranger is a great deal for sure.

Don't get caught up in Nuttall's "buy all the shares back in 2 years targets...or 40% dividends ROC...." 

This will be a $20 stock...and for sure grow at a faster rate than the oil index over the next 12-24 months....

Dividends and Big Cash Flow on the way!
Comment by Moemoney42 on Mar 04, 2023 11:44am
This deal will set Baytex up in an enviable position to capitalize on premium fields both north and south of the border, and rounds off their production base nicely! Now that they have operating control of the Eagle Ford acreage, they can manage the growth to their benefit on their lands. This transaction will give BTE one heck of a lot of torque if WTI stays around $80 USD for the ...more  
Comment by ManitobaCanuck on Mar 04, 2023 7:12pm
Agree 100%.Once Ranger Oil results are out next week, we will know better
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