Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Post by Tradestayon Nov 08, 2022 12:25am
470 Views
Post# 35080946

TODAYS DEBT RESUCTION AND FX UNDERSTANDING

TODAYS DEBT RESUCTION AND FX UNDERSTANDING
BTE Q3 debt report was approximately $48M CAD higher due to 10 cents higher FX rate, 1.37Q3 exchange rate on $473M USD. Since BTE reported Q3 numbers USD/CAD dropped 2 cents which means BTE debt in CAD went down approximately by $10M CAD. Simple calculations would tell you if they had not bought shares Debt would have been below a billion easily. Now the question is why would management buy shares now? I think its because they believe this oil cycle is just getting started and the share is prices well for NCIB. Also they might be betting on future taxes on buyback so they would want to avoid that as well. $90 oil in 2023 is $950M free cash flow. Lets see the plan is working thus far and il price is supporting the plan. Recession is the biggest headwind but they are mitigants at work sanctions on oil producers and OPEC cuts is the two biggest mitigates. Think about this as a closing, after the US draw down SPR by over 200M barrels oi is still at 90 plus and driving season s behind us in North America, what does this say?
<< Previous
Bullboard Posts
Next >>