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 ztransforms173on Nov 02, 2023 7:47pm

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Post# 35714873

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

- you DON'T HEDGE ALL the EXPOSURE but ONLY PART of it

- you have to LOOK at the 5 YEAR CYCLE of the long-term NOTES EXPOSURE and LIMIT your LOSSES but NOT ELIMINATE THEM as it is IMPOSSIBLE to FIND COUNTERPARTIES for EXTENDED PERIODS and EVALUATE the COST/BENEFIT of the HEDGING

- hedging is TRICKY to MANAGE for F/X risk reduction

z173

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