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 > Baytex possible sale?

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Post by jmaan on Nov 11, 2024 10:51pm

Baytex possible sale?

Any thoughts on baytex possibly a take over... and if so who would possibly be a good canadate? You never know what can be happening behind closed doors! Especially when Financials were not bad!

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Comment by 1234bmth on Nov 11, 2024 11:57pm

BTE is not a target of acquisition at all, BTE is acquiring other companies and makes its assets way spreaded which makes it difficult for acquisition, hints, bought Raging River then bought Ranger Oil, BTE bought Ranger Oil at a significant premium while oil was $75, no one would pay for Ranger Oil assets at the price that BTE paid for, specially with current WTI price. BTE needs higher oil price ...more

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Comment by Zamboniboy on Nov 12, 2024 4:29am

Could very be a fire sale coming soon for baytex especially if oil goes below $65/bbl for any amount of time, dividends will be done, debt will go up, the good old (Rothschild) banks might be a little scared to refinance baytex when there term is up, buying ranger really screwed them and shareholders, guess they didnt learn the first buying a company at a premium,

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