Encouraging quarterVery solid numbers for Q2 and if July is any indication , Q3 will be even better . Great progress on debt reduction which I noticed saved BTE $4 million in interest and financial costs Q2 2021/Q2 2020 ($9 million saved in the first half of 2021) .
Bullet point #5 in highlights also states that $5.8 million in long term notes were retired in Q2 BUT "subsequent to quarter end $100 million long term notes at 5.625% (2024) were retired as well" . That would drop long term debt to $1.5 billion which was close to $2 billion this time last year .
Knowing Toronto , they may very well yawn and ignore this but you can't argue with the numbers . Its too bad but here's the sad reality .......
IF THIS WAS BAYTEX.COM (instead of Baytex Energy) , THIS STOCK WOULD BE TRADING AT $300.00/SHARE