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.

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Baytex Energy Corp > IF THEY PAID OFF 150M in DEBT?

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Comment by ManitobaCanuckon Nov 02, 2023 7:37pm

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Post# 35714862

RE:RE:RE:RE:IF THEY PAID OFF 150M in DEBT?

ztransforms173 wrote:
- the USD GAINED AGAINST the C $ from 6/30/2023 to 9/30/2023

- IF the have a SMART CFO (and the BODs AGREE), they will HEDGE the CURRENCY RISK like the HIGHLY-REGARDED EX-CFO of MEG Energy USE TO DO with their MASSIVE long-term debt in USDs (since DRASTICALLY REDUCED)

- did NOT read the enitire IFS so I am NOT SURE WHAT they are doing

z173

Why pay for hedging , when earnings are in US$ at LLS rates(premium to WTI) for Eagleford/Texas for more than 50% of their prodn .
Its a natural hedge , u earn in USD and u pay debt in USD

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