Baytex Energy Corp.

Baytex Energy Corp.

Baytex Energy Corp.

Overview
Date Founded

2010

Headquarters

525-8th Avenue SW,Suite 2400,Calgary, AB T2P 1G1

Type of Company

Public

Employees (Worldwide)

270

Industries

Oil & Gas
Alternative Energy
Power & Utilities

Company Description

Baytex Energy Corp. is a dividend-paying oil and gas corporation based in Calgary, Alberta. 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 Williston Basin in the United States. Approximately 87% of Baytex's production is weighted toward crude oil. Baytex pays a monthly dividend on its common shares which are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Vice President, General Counsel & Corporate Secretary

Senior Vice President, Capital Markets & Public Affairs

Senior Vice President, Marketing

Vice President, Lloydminster & Conventional Business Units

Vice President, Land

Vice President, Peace River Business Unit

Vice President, US Business Unit

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Board of Directors

Partner & Head-Tax Department at Burnet, Duckworth & Palmer LLP

Former Minister of Seniors & Community Supports at Province of Alberta

Former Senior Managing Director at Raymond James Ltd. - Canada

President & Chief Executive Officer at Crew Energy, Inc.

President & Chief Executive Officer at Baytex Energy Corp.

President at Victoria County Master Gardener Association

Former Executive Vice President, Safety & Operational Risk at BP Plc

Former Senior Vice President-Transportation & Logistics at Marathon Petroleum Co. LP

Former Secretary & General Counsel at Canadian Oil Sands Trust

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Baytex Energy Corp.
Owners & Shareholders
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Luminus Management seeks to achieve positive investment returns by identifying inefficiencies in the power, energy, utilities and related sectors. They formulate investment decisions based on the use of fundamental and technical analysis. The firm's core strategy focuses on investments across the capital structure of publicly traded power, energy, utility and related companies. Luminus also implements opportunistic investments within these sectors. The firm may seek both short-term and long-term trading opportunities.The Energy Partners Funds seek to generate attractive absolute returns by investing in Luminus' industries of interest. The funds utilize long and short positions in public equities, bonds, notes, convertible securities, debt participations, options, warrants, derivatives, and private debt and equities. The funds typically employ leverage.The Investment Partners Funds seek to achieve attractive excess returns relative to a benchmark index value, on a total return basis, primarily by taking long positions in equity securities and related instruments of issuers in the power, energy, utilities and related industries. Such securities and instruments may include, but are not limited to common stock and swaps.The Luminus Special Opportunities funds seek to achieve attractive total returns through both capital appreciation and current returns primarily from a portfolio of credit and fixed income investments, equity and equity-related investments, and commodities and commodity-related investments, all related to the power, energy, utilities and related industries and sectors. The funds focus primarily on investment opportunities that relate to current and anticipated changes in the US power markets.

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Sankaty Advisors, LLC, the credit affiliate of Bain Capital, LLC, is a leading private manager of fixed income and credit instruments. With approximately $18.9 billion assets under management as of 9/30/2012, Sankaty invests in a wide variety of securities and investments, including leveraged loans, high-yield bonds, distressed/stressed debt, mezzanine debt, structured products and equities.

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Qwest Investment Fund Management specializes in identifying and structuring investment products in the natural resources sector. Their products include flow-through funds, a mutual fund and a specialty fund.Qwest structures, markets and manages tax-effective flow-through products. The firm focuses on investing in flow-through shares issued by Canadian resource companies including oil and gas and mining growth companies. They target companies with: (1) experienced management teams (2) focused assets and production growth opportunities (3) qualified land and operational teams (4) a risk management strategy and management teams with capital markets and financial expertise.Qwest launched their mutual fund to accommodate the rollover of Qwest's various flow-through offerings to a mutual fund. When they launched QE Funds Corp., a mutual fund corporation, it offered Series A shares of the corporation, the Qwest Energy Canadian Resource Class shares. QE Funds Corp. offers Series A shares of the Qwest Energy Canadian Resource Class and may acquire assets of limited partnerships on a tax-deferred basis that have an adjusted cost base that is less than the amount paid for these assets. The mutual fund invests primarily in the energy and resource sector including companies engaged in industries such as oil and gas, mining and minerals, forestry, alternative energy and other resources. Shares of the mutual fund are only available to the rollover of past and future QIM flow-through limited partnerships and their limited partners who roll over into the mutual fund.The Qwest Energy Canadian Specialty Energy Fund is suitable for Canadian accredited investors with a continuous offering of Series A and F Units on a private placement basis. The fund focuses on investments in the energy sector. The fund acquires and manages equity investments and convertible debt securities in publicly-traded companies and private companies (up to 30%). This may include companies with a focus on: (1) conventional oil and gas exploration and development (2) the oil sands (3) unconventional resources (4) oil and gas service companies (5) transportation and infrastructure and (6) alternative energy.

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Recent Transactions
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Baytex Energy Corp. issued Common Shares

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Baytex Energy Corp. issued Common Stock

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SM Energy Co. purchases Baytex Energy Usa Ltd. /North Dakota Gooseneck from Baytex Energy Corp.

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Transaction Advisors
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Advised onBaytex Energy Corp. purchases Aurora Oil & Gas Pty Ltd.

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Advised onBaytex Energy Corp. issued Subscription Receipts

Manager

Advised onBaytex Energy Corp. issued Subscription Receipts

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Legal Advisor

Advised onBaytex Energy Corp. purchases Aurora Oil & Gas Pty Ltd.

Legal Advisor

Advised onBaytex Energy Corp. issued Subscription Receipts

Manager

Advised onBaytex Energy Corp. issued Subscription Receipts

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Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

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Key Stats and Financials As of 2016
Market Capitalization
$751M
Total Enterprise Value
$3.14B
Earnings Per Share
$-2.29
Revenue
$602M
Net Profit
$-485M
EBITDA
$253M
EBITDAMargin
41.97%
Total Debt
$1.75B
Total Equity
$1.98B
Enterprise Value Sales
5.22x
Enterprise Value EBITDAOperating
12.43x
TEVNet Income
-6.48x
Debt TEV
0.56x
Three Year Compounded Annual Growth Rate Of Revenue
-18.58%
Five Year Compounded Annual Growth Rate Of Revenue
-11.3%
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