Baytex Energy Corp. (T:BTE)
Business Focus: Oil & Gas Exploration and Production (NEC)
Mostly sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for BTE within the last 6 months
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Company News
Apr 01, 2024 12:22 ET
Baytex Announces Closing of US$575 Million Private Placement Offering of Senior Notes
Calgary, Alberta--(Newsfile Corp. - April 1, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today the closing of its private placement offering (the "Offering") of US$575 million aggregate principal amount of senior unsecured notes due 2032 (the "Notes"). The Notes bear interest at a rate of 7.375% per annum and mature on March 15, 2032. The Notes were priced at 99.266% of par to yield 7.500% per annum.
Mar 14, 2024 16:30 ET
Baytex Announces Pricing of Upsized US$575 Million Private Placement Offering of Senior Notes
Calgary, Alberta--(Newsfile Corp. - March 14, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce the pricing and upsize to US$575 million of its previously announced private placement offering (the "Offering") of senior unsecured notes due 2032 (the "Notes"). The Notes will bear interest at a rate of 7.375% per annum and mature on March 15, 2032. The Notes were priced at 99.266% of par to yield 7.500% per annum. The closing of the Offering is subject to customary closing conditions and is expected to close on April 1, 2024.
Valuation Ratios
Industry
Sector
Beta
2.76
--
--
Price to Sales - TTM
1.50
3.55
3.63
Price to Book - most recent quarter
1.07
1.37
1.76
Price to Cash Flow per share - TTM
5.00
4.86
5.70
Price to Free Cash Flow per share - TTM
18.42
16.20
16.92
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 11,645,054 | 1,447,038 |
| Mar 15, 2024 | 10,198,016 | -2,731,031 |
| Feb 29, 2024 | 12,929,047 | -396,286 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.
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