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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 269,000 gross 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

Bullboard Posts
Post by Lallion Mar 30, 2017 10:53pm
213 Views
Post# 26056064

I would not be reading too much into fools headLines

I would not be reading too much into fools headLinesWhen you have a downturn in any  sector people become critical of companies  debt,let me break it down  for you to give you a better understanding. The company has long-term  Notes  The first one is due April 1, 2020 for $8,593m  the second note that is due February 17 2021  which is for $201,405m  The third one to follow is $537,080m  which is due June 1, 2021  and the fourth one $300m  July 19, 2022  and the final one $537,080m  totalling  1,584,158  excluding out debt insurance cost (18,042)  for a grand total of $ 1,566,116,000.00  and plus a bank loan 187,954m  which end June 4, 2019  so which means there's a lot of time  on the table. Bte current production is 70,000  barrels of oil a day. With most  expert expecting  $70 a barrel for oil in 2018  $80 a barrel oil in 2019  just with those numbers the netbacks  alone will take care of  Half their debt. Hopefully that clears up  A lot of your concerns. 
Bullboard Posts