Baytex Energy Corp. (BTE): A profile has been posted under the Watch List Tab. It is being added to our High Yield Income Portfolio.
This one is a good combination of GROWTH + INCOME.
Pays monthly dividends.
Baytex Energy (BTE)
Baytex Energy (BTE)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Baytex Energy (BTE)
Dan: should be a very good addition to the HY Income portfolio, I like their expansion into Eagle Ford with the recent Aurora acquisition.
Re: Baytex Energy (BTE)
You guys pay me the Big Bucks to find stuff like this!
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Baytex Energy (BTE)
This is why I really like BTE. Below is from EOG's Q2 report:
In Karnes County, the McCoy Unit #1H and #2H began production at 5,290 and 5,415 Bopd with 475 and 415 Bpd of NGLs and 2.7 and 2.4 MMcfd of natural gas, respectively. EOG has 90 percent working interest in these wells. The Wolf Unit #6H, #7H, #8H and #9H, in which EOG has 100 percent working interest, began sales at rates ranging from 3,160 to 3,600 Bopd with 310 to 390 Bpd of NGLs and 1.8 to 2.3 MMcfd of natural gas.
Northeast of Karnes in DeWitt County, the Justiss Unit #11H, #12H and #13H had initial production rates of 4,000, 3,900 and 4,130 Bopd with 690, 650 and 750 Bpd of NGLs and 4.0, 3.8 and 4.3 MMcfd of natural gas, respectively. EOG has 100 percent working interest in these three wells.
Almost all of BTE's Eagle Ford acreage is in the "Sweet Spot" in Karnes County.
In Karnes County, the McCoy Unit #1H and #2H began production at 5,290 and 5,415 Bopd with 475 and 415 Bpd of NGLs and 2.7 and 2.4 MMcfd of natural gas, respectively. EOG has 90 percent working interest in these wells. The Wolf Unit #6H, #7H, #8H and #9H, in which EOG has 100 percent working interest, began sales at rates ranging from 3,160 to 3,600 Bopd with 310 to 390 Bpd of NGLs and 1.8 to 2.3 MMcfd of natural gas.
Northeast of Karnes in DeWitt County, the Justiss Unit #11H, #12H and #13H had initial production rates of 4,000, 3,900 and 4,130 Bopd with 690, 650 and 750 Bpd of NGLs and 4.0, 3.8 and 4.3 MMcfd of natural gas, respectively. EOG has 100 percent working interest in these three wells.
Almost all of BTE's Eagle Ford acreage is in the "Sweet Spot" in Karnes County.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group