RE:Interest paymentsPosted for humor, though there is some truth to this post.
--- From Page 36 of March Presentation ---
General and Administrative $43 Million
Interest $80 Million
--- End of March Presentation ---
This means, we pay more to an entity that does no real work for us, than we do to all of the people who do real work for Baytex. The entity that loaned us the money, never earned it, or paid taxes on it. Let's pay them off and get rid of them. Debt free, is the way to be!
I say pay off that debt, and give the people at Baytex, who saved this company from bankruptcy, a pay raise!