BTEGF News and Press, Baytex Energy Corp From 02/09/21

Headwater Exploration is about to enter a major growth phase. New management built and sold Raging River (and other companies) to Baytex Energy. The dry gas production will provide cash flow for growth ventures. Eastern Canada has periodic natural gas shortages that enable muc...

Higher oil prices have caused many investors to fear shale operators will drill themselves into insolvency once again. Rig counts do not support that, and thus far neither does forward guidance. Notably though, Canadian E&Ps seem a little more aggressive. Most companies will r...

Capital budget is fully funded at WTI $35. Decent free cash flow at WTI $40. This announcement means that activity recovery will begin at lower levels and the peak price of the cycle will likely be lower. Technology improvements continue to drop well below breakeven points. ...

The Eagle Ford leases are generally the most profitable over time. Heavy oil can be the most profitable product when oil prices are high. No debt is due until 2024 and the company is in compliance with all bank covenants. The Duvernay provides a pathway to expand light oil pro...

The Canadian oil sands are emerging from 2020's market crash with a more optimistic outlook, with Morgan Stanley and Goldman Sachs the latest firms to tout the industry's ability to generate healthy cash flow next year as a reason to buy stocks such as Suncor Energy (SU), Canadian Natural Res...

Penny stocks are ordinarily viewed as high-risk investments, but that also means a potential for high returns. Some penny stocks find themselves in this category due to mispricing that is related to market risk rather than business risk. Baytex has been affected by falling oil pri...