Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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.

TSX:BTE - Post by User

Baytex Energy Corp

Bullboard Posts

Comment by Jmarks1on Dec 13, 2014 4:31pm

299 Views

Post# 23227867

RE:RE:RE:RE:RE:RE:RE:Divi Cut Again?

Highrider, I found this in the latest Corporate Update for 2015 " Working Capital Defieciency $250.9 MM"
No significant Debt repayment rquired until 2021.

The debt per se isn't a huge deal, its usually the convenants that usually get a company into trouble.I've seen smaller companies borrow money and break covenants even before they spent the money borrowed! Also covenants can be changed when both parties agree, so if they get near one I suspect a plan will be put into place to deal with it before anything is breached.

BTE took on a huge debt load and the timing turned out to be poor. However they have a good management team and are well respected in the industry so the Lenders will be cheering them on and bending over backwards to make things work.