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 > WTI up $4.51 BTE down?

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Comment by dllscwbysfnon Nov 05, 2022 9:53am

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Post# 35075537

RE:RE:RE:RE:WTI up $4.51 BTE down?

Johnny Doe, FX is not hedging .Hedging comes with a gaurantee. What we have here is called gambling or maybe an educated guess and I do hope they get it right. If it goes wrong it could go very wrong because what would the debt be if the loonie drops into the ,62 -.64 range.
We make more money when the Cad$ is weak but our debt gets worse,right?
Maybe one of you smart people can figure out if we are better off with a stronger or weaker cad.$

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