RE:AprilI can't speak about other but Baytex works with many of the large Canadian Banks.
Our banks are also under attack by these short sellers that were betting against Canada via resources. So they understand.
It's not a "life line", it's a partnership.
The credit holders are so confident that the credit facility isn't even secured against the assets! No banks ever give money for homes without having a mortgage secured against the assets!
When you have your credit holders so happy with you, there is just a good partnership.
By April we might be at $50 oil and $10 BTE. Considering how far and fast we fell, there's no reason we can't make it back up as fast especially if overlay the BTE charts with oil.