Baytex Energy Corp T.BTE

US dollar debt

[dllscwbysfn]

I was thinking does anyone out there have an opinion on whether the CDN $ was high enough for BTE to pay off any US$ debt.
 Or any educated guesses if they paid off any debt in Q4

[Tradestay]

Yes they would have paid debt. At $80 WTI net debt will be below $800 by May 2023 and down to $400M by May 2024.  At $800M return to sharholde4 goes to 50% so they will reduce the debt paying pace and accelerate share buyback.  They are projecting free cash flow of $450M at $76 WTI FPR 2023. 

[dllscwbysfn]

You speak with confidence and i hope you are right. I only ask for an opinion on this because they did not pay any debt in Q3

[David01montreal]

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[Cobalt]

and many dont, why we lag behind as many are almost debt free

[northmark]

Yep

[JohnnyDoe]

If I remember correctly it wasn't that they paid no debt, it was that the US dollar strengthened so when the debt was reflected on the books in cdn currency, it appeared as though nothing was paid. Or am I off base on that? 

[dllscwbysfn]

The debt stayed the same from Q2 to Q3. I cannot see anywhere that they paid debt in Q3 but find it easily in Q2. In Q3 they had 112M in FCF and bought back 79M in shares. So the 33M difference kinda got soaked up in FX loss???   End of  Q3 the Cdn$ was .723   End of  Q4 it was .7378   Today we are .747 I thought we had discussed that FX was in our favour when the US$ was