RE:Debt reduction Goose, from the Q1 release below...while the call with Brian was good...for now we continue debt and buybacks. Brian did mention $800m target is in sight for 2022...and 5% share buybacks for 2022. Brian is correct everyone always focused on BTE debt so that is the focus.
For comparison I believe WCP was at 0.9 debt to ebitda Q4/21...I would think we should be around 1.0 debt to ebitda end of Q2/22....so really debt not a major issue end of Q2...BUT since it is still on peoples minds you continue to eliminate it....plus while not "sexy" add major value to long-term shareholders.
All of this is great.
"On June 1, 2022, we intend to repurchase and cancel the remaining US$200 million principal amount of 5.625% long-term notes due 2024 at par."
https://www.baytexenergy.com/files/pdf/news-releases/2022/2022-04-28%20-%20Q1%202022%20Press%20Release.pdf Goose15 wrote: Hi Wolf
is this week when they will pay the 200 millions or next week they said that in the Q1 report
so we will be 200 millions less of debt
good job BTE
thanks