RE:RE:expect a deal with creditors soon
My guess 2017 is a stability year. Baytex stops prod decline with slight growth. The last non core assets are sold and with a bit of extra free cash from operations they reduce debt by 5% , bringing debt down to around 1.75bb. In 2018 oil slightly higher and baytex grows prod and reduces debt down to about 1.6b. So on and so on that by time 2021 hits debt is close to 1bb and prod has grown back up to mid 80k boed. What they were at pre oil crisis but much less debt.