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.

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Baytex Energy Corp > Debt still over $1Bn

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Comment by BayStreetWolfTOon Nov 03, 2022 7:19pm

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Post# 35071407

RE:RE:Debt still over $1Bn

You got it JD. Most on the board probably don't understand restating FX to CAD on the US debt. These are point in time adjustments

As at Jun 30 FX was 1.26 @ $500m = $630m CAD
As at Sep 30 FX was 1.38 @ $500m = $690m CAD

Paper only transactions...

So really as FX swings best to use FCF on buybacks and drilling Clearwater...

But most who are financially illiterate wouldn't get that. Brilliant move by management to focus on drilling and buybacks while FX swings...brilliant..

Q1 & Q3 highest Capex quarters....sets up for great Q4 and coming into 2023.

Love it

JohnnyDoe wrote:

Leewardcape wrote: Does this matter? A poster I admire ( but disagree with) " masfotuna" predictied 992 million.... thoughts?

Am I understanding this correctly? The debt is owed in US dollars. Some debt was paid, but currency conversion worsened so when reflecting back on the books in Cdn funds, the debt hasn't really changed. Is that understanding correct?
I suppose the good thing is some debt was paid and if the cdn dollar rises, we'll get a sling shot effect going forward.