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 > Impairment charge and debt

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Post by JohnnyDoeon Feb 28, 2024 7:34pm

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Post# 35905202

Impairment charge and debt

I don't really care much about the impairment charge. Accounting tricks. Creates future tax pools.

I don't like the debt, or maybe I should say I do not understand it. They said they paid 290 M in debt which they're saying is 10%. Their February presentation shows 2.684B debt as of September 30. They paid 290. They said improving cdn/us ratios. They're now saying 2.5 in debt. That doesn't add. I was expecting debt repayments around 300-310 (based on the asset sale and 1/2 of 300fcf) so I was expecting total debt to be safely under 2.4

There's some funny math involved here. Can anyone explain this?

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