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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Post by Maxmoeon Mar 20, 2024 4:27am
413 Views
Post# 35942239

Kudos to the cfo

Kudos to the cfoUpsizing the note offering to fill demand. Why not? He's clipping the interest coupon by 1% on 575 $million USD saving about 7.5 million @ $cdn. That covers the annual cost of the entire finance department I hope. Plus rolls the existing note out with these new 8 year notes. And done in an environment of higher rates and inflation. Wasn't that long ago bte and all the other producers were forced to walk the plank by their lenders with no financing available at any rate. Best time to raise money? When they all want to lend it to you. 
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