RE:So many buyers dont understand debtoilismoney1 wrote: Many people on this form dont understand about debt
They seem to think that every last cent of debt needs to be paid off buy dec 31 - 2021 or
Baytex will turn into a pumpkin...........
If baytex had no debt people wouldnt be talking about a $ stock it would probably be $25 or more
Some people need to get educated or higher a broker because this debt thing in ignorant talk
You are making a very big assumption with your statement, you are saying that most think it needs to be paid off, anyone who understands the way it works knows it will need to be rengotiated and knowing we are at historically low rates ,will be renewed at higher rates or a portion paid off with new shares issued. In the case of renegotiated debt agreements it means less cash for growth and drilling or dividends. In the case of new shares it will dilute existing shareholders. In either case it leaves less per share for existing sharholders.
You really ahouldn't make rash and uneducated and illinformed comments since you really don't kbow the level of expertise,experience posters have .