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

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Post by riddleron Nov 02, 2023 8:30pm

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Post# 35714936

FROM BAYTEX ON THE SUBJECT OF DEBT

As of September 30, 2023, our total debt(7) was $2.7 billion, representing a total debt to EBITDA(7) ratio (Q3/2023 annualized) of 1.1x. Our total debt at quarter-end increased relative to Q2/2023 due to the impact of a strengthening U.S. dollar, relative to the Canadian dollar, on our U.S. dollar denominated debt, and working capital adjustments. Based on current commodity prices and forecast free cash flow for the fourth quarter, we expect to exit 2023 with total debt of approximately $2.5 billion.

We will see.

GLTA DYODD

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