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 > WoW.....won't be pretty 2Morrow!

<< Previous

Bullboard Posts

Next >>

Comment by uwebb429on Feb 29, 2024 9:26am

218 Views

Post# 35906087

RE:RE:WoW.....won't be pretty 2Morrow!

> Baytex debt right now stands at ~$3,2B?
What is the source of your debt number?

Net debt $2,534,287

During the fourth quarter we reduced our net debt(1) by 10% ($290 million) due to a combination of free cash flow generation, net proceeds from the Viking divestiture and the impact of a strengthening Canadian dollar, relative to the U.S. dollar, on our U.S. dollar denominated debt. Our total debt(2) at December 31, 2023 was $2.5 billion and we have $588 million of undrawn capacity on our credit facilities.