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

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Comment by Gashole1on Jul 28, 2016 8:20am

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Post# 25090981

RE:Debt to Cash flow is poorest in the group

Ocalaman wrote: Canadian Intermediate Producers

BTE 2016= 7.5 Group 4.0
BTE 2017 = 7.5 Group 3.4
BTE 2018 = 7.3 Group 4.9

AS has been said all along debt is the overhang and continues to be, if you have losses you will never pay off the debt !

Simple math ,

Where did they get the money to pay down some of their debt? I dont see how their FFO is up a lot higher than last quarter but they have a loss of 41 cents per share... where did the extra money go? Its obviously not as simple as higher oil = better earnings because at $35 break even the company is still losing money... Explain that to me because im pissed off. The CEO comes out and brags about how low their costs are etc and then they declare a loss??? I thought they were working within their cash flow... obviously they are NOT.

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