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 > BTE Debt Reduction, Share Buybacks, Dividends

<< Previous

Bullboard Posts

Next >>

Comment by riskion Dec 06, 2023 7:48am

141 Views

Post# 35770511

RE:RE:RE:BTE Debt Reduction, Share Buybacks, Dividends

These numbers are embellsihed.

The interest rate on debt is standard for all energy E & Ps.

AlwaysLong683 wrote: When BTE announced their $800M USD Senior Note Offering on April 13 to help fund the Ranger acquisition, the BOC Rate sat at 4.50%. The interest rate BTE will pay on the notes will be 8.50% (almost double). Reason? Too much debt / non-investment grade credit rating.

BTE's Balance Sheet as at September 30 showed:

Current Assets: Cash + Receivables = $564M

Current Liablilities: Trade and Other Payables + Dividends Payable = $697M

Non-Current Liabilities: Credit Facilities Drawn: $1.0B + Long-Term Notes: $1.6B

Total Owed: $3.3B not including Asset Retirement Obligations.

BTE is not a large O&G E&P company, so funding the acquisition of Ranger was a rather large fish to swallow. Not saying BTE is currently in any financial trouble, but not confident that BTE's share price will rise a significant amount and hold those gains over the next six months or so - could be dead money or even drop in value from here.