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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 > Buybacks
View:
Post by Eoj123 on Dec 05, 2023 1:18pm

Buybacks

Another month's worth of shares cancelled. Just filed on SEDI
Comment by Alphaseeker1973 on Dec 05, 2023 1:48pm
10.7mm more shares bought and cancelled.  By end of H2 2024 at this price they will have bought back more than 1/3 of the shares issued for the Ranger transaction and paid down a significant amount fo the debt incurred for the purchase.  Long term shareholders will thank the lord the share price remained as depressed as it currently is when the oil market turns up.   I expect ...more  
Comment by red2000 on Dec 05, 2023 3:56pm
I like the way you see it ! See below my comments... 2) Why not selling Duvernay or a part of it, with their next reserves evaluation end of 2023 ? 3) The way buyback shares is running, they will probalby reach the 68,4 M buyback shares before end of June         2023, max. date to complete their initial NCIB. 4) I see 400 M$ FCF in Q4     (Q3 158M$   ...more  
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