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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
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

Baytex Energy Corp > Debt still over $1Bn
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Comment by masfortunaon Nov 03, 2022 6:20pm
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Post# 35071281

RE:Debt still over $1Bn

RE:Debt still over $1Bn
Leewardcape wrote: Does this matter? A poster I admire ( but disagree with) " masfotuna" predictied 992 million.... thoughts?


Hi Lee!  So based on what I read, they did allocate some cash to servicing the debt BUT with the higer US dollar it basically paid off that component giving us a flat number.  It also appears that they used their cash on buybacks and capex (which was higher due to inflation). They say they will exit 2023 under 1 billion and so far they have done what they said they would and they are sticking to their timeline of 2024 to reach that 400 million plateau. So the short answer is "NO" it doesn't really matter as long as oil doesn't c%$p the bed.
mas

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