RE:RE:RE:For Xjleer42 wrote: Oil is sold in USD. Canadian operations have costs in CAD. Overall a lower CAD is a positive.
riski wrote: I agree, it is confusing. The accounting report will look better with the CAD strength since it's reported in CAD dollars, but a stronger CAD dollar reduces revenue in terms of CAD which is how they report revenue as well.
So it's good and bad.
dllscwbysfn wrote: I can never figure out what is in the best interest for bte. Last q they complained about a weak CDN$ hurting there debt repayments. So does that mean Q4 will do much better as the CDN$ as strengthened considerably?
This is a bit of a complex issue for Baytex given the amount of US denominated debt. They've obviously got finance guys there that do all the calculations and I'd imagine there's some complexity to the equations. Maybe I'll write Brian in the New Year and ask about this. I'll also try fooling around with excel over the holidays to simulate some scenarios