Baytex Energy

Baytex Energy Corp. operates as an oil & gas exploration and production company. It engages 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. The company was founded in 1993 and is headquartered in Calgary, Canada.

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Baytex Energy Corp. operates as an oil & gas exploration and production company. It engages 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. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.

Baytex Energy's acquisition of Ranger Oil was an excellent bargain. Rising oil prices increase the value of this bargain. The other non-operated Eagle Ford acreage could be more highly valued now that there is operating acreage to go with it. That is now a far more typical setup. Light Oil is a premium product with a more reliable cash flow in a downturn.

Baytex Energy: Taking Advantage Of A Good Deal

Baytex Energy is projected to generate US$426 million in 2H 2023 free cash flow. It benefits from strong oil prices and narrower WCS differentials and has wide WTI oil collars with a ceiling of US$100. BTE may be able to put US$200 million towards share repurchases in 2H 2023.

Baytex Energy: Strong Oil Prices Push Projected H2 2023 FCF Above US$400 Million

The new Baytex Energy Corp. debt goal is C$1.5 billion. Production per share should increase just from the Ranger Oil acquisition. The share purchase program should enhance that effect. A quarterly paid dividend that totals C$.09 was initiated.

Baytex Energy: Going For More

Baytex Energy: Leaving The Past Behind

Analysts at Stifel GMP are taking a wait-and-see approach to Baytex Energy (NYSE:BTE) after the company announced its planned acquisition of Ranger Oil Corp in a cash and stock deal worth C$3.4 billion.  The firm reiterated its ‘Hold' rating and reduced its price target to C$7 from C$8.

Baytex Energy a 'Hold' for Stifel as Ranger Oil acquisition brings the risks of a new jurisdiction

Baytex Energy Corp

Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure play Ranger Oil Corp. for $2.5 billion, including net debt of $650 million.

Baytex/Ranger Oil Combination First Of Its Kind In Almost A Year

The oil and gas stock is making a big growth move and will pay dividends again, but investors aren't happy.

Why Baytex Energy Stock Is Plunging Today

Calgary, Alberta--(Newsfile Corp. - February 17, 2023) - Baytex Energy Corp. (TSX: BTE) is pleased to announce that the New York Stock Exchange ("NYSE") has approved the listing of our common shares on the NYSE under the trading ticker symbol "BTE". The common shares are expected to begin trading on the NYSE on February 23, 2023.

Baytex Announces NYSE Listing

Calgary, Alberta--(Newsfile Corp. - February 16, 2023) - Baytex Energy Corp. (TSX: BTE) will release its 2022 fourth quarter and full year financial and operating results after the close of markets on Thursday February 23, 2023.

Baytex Conference Call and Webcast on Fourth Quarter and Full Year 2022 Results to Be Held on February 24, 2023

Baytex Energy (NYSE:BTE) and some of its Canadian exploration and production peers can see a share price boost from a fresh wave of catalysts in the field, according to analysts at Stifel Nicolaus. Canadian rig activity is up 10% year-on-year and up 40% compared to this time in 2021 and, as such, the broker is expecting to see an array of operational stimulus highlighted in upcoming quarterly results.

Baytex Energy Corp and Canadian E&P peers to tempt investors with catalysts from the field - broker

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Baytex Energy (BTEGF) Right Now?

The debt priority is finally declining. The emphasis on shareholder returns is climbing.

Baytex Energy: Moving On Up The Finances

Canadian Natural Resources

Ovintiv

Despite the bearish sentiment associated with the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advice focusing on fundamentally sound companies like CNQ, OVV and BTEGF.

Are Energy Investors Overlooking These 3 Canadian E&P Stocks?

Baytex (BTEGF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Baytex (BTEGF) Upgraded to Buy: What Does It Mean for the Stock?

Is Baytex Energy (BTEGF) Stock Undervalued Right Now?

Here is how Baytex Energy (BTEGF) and Par Petroleum (PARR) have performed compared to their sector so far this year.

Is Baytex Energy (BTEGF) Outperforming Other Oils-Energy Stocks This Year?

Baytex may be able to generate US$575 million in free cash flow over the next five quarters at current strip. It is expected to reach Phase 3 of its shareholder return plan in mid-2023.

Baytex Energy Could Generate $575 Million In Free Cash Flow Over Next Five Quarters

Baytex Energy Corporation (OTCPK:BTEGF) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Brian Ector - VP, Capital Markets Edward LaFehr - President, CEO & Director Rodney Gray - EVP & CFO Eric Greager - Incoming President & CEO Chad Lundberg - Chief Operating & Sustainability Officer Conference Call Participants Patrick O'Rourke - ATB Capital Markets Menno Hulshof - TD Securities Dennis Fong - CIBC Operator Thank you for standing by. This is the conference operator.

Baytex Energy Corporation (BTEGF) Q3 2022 Earnings Call Transcript

Calgary, Alberta--(Newsfile Corp. - November 3, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") reports its operating and financial results for the three and nine months ended September 30, 2022 (all amounts are in Canadian dollars unless otherwise noted)."We continue to deliver on our commitments with a much-improved balance sheet (0.

Baytex Announces Third Quarter 2022 Results and Continued Strong Clearwater Drilling Results

Debt reduction is finally showing material debt ratio results faster than planned. Production growth is creeping into the future.

Baytex Energy: The CEO Retires

Clearwater is going to increase Baytex's profitability for years to come. Clearwater will do this profitability increase through more productive wells that are cheaper to drill than is the case for legacy heavy oil production.

Baytex Energy: What Exactly Is Important

Is Baytex Energy (BTEGF) a Great Value Stock Right Now?

The consensus price target hints at a 29.3% upside potential for Baytex (BTEGF). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can Baytex (BTEGF) Climb 29% to Reach the Level Wall Street Analysts Expect?

Baytex is now on track to reach its net debt target of CAD$800 million (US$615 million) in early 2023. At that point, it is expected to put 50% of its free cash flow towards share repurchases.

Baytex Energy: Increased Return Of Capital Expected In Early 2023

The necessary balance between reliable light oil cash flow and more volatile heavy oil cash flow will change for Baytex Energy with the addition of the Clearwater play. The superior Clearwater profitability also affects investment performance throughout the industry cycle.

News for Baytex Energy Stock (BTEGF)