RE:RE:RE:RE:BTE Share Buyback Explanation Lina_Casa wrote: It's not just about the share count. It's the increase in debt. Yes they are producing 150k barrels per day, however the debt has quadrupled. Personally, they should suspend this mild dividend and focus all the attention on paying off the debt rapidly. No one knows the future of the price of oil, even though they pretend by showing us pretty charts. You get to your debt target faster and then your worries decrease. The fixation on demand, politics, elections, wars, China, inflation, interest, OPEC and all of the other price "justifiers" will play second fiddle and the focus will be more on what Baytex does and the rest really becomes noise.
I've been holding Baytex since 2016.
Baytex had $987,000,000 debt at YE 2022 and at September 30 2023 debt was $2,684,000,000 and Q4 2023 should see debt reduced by another $300,000,000 inclusive of the asset sale cash ........ so $2,384,000,000.
Not sure how you get to debt being quadruple.
Debt is completely manageable and can quickly get to the $1,500,000,000 target for 75% direct returns to begin.