RE:RE:RE:RE:RE:TMX pipeline coming...JohnnyDoe wrote: ManitobaCanuck wrote: Frank007 wrote: Just where do you think Baytex is going to get 425 ,million to pay down debt ...thay certainly do not have that much fcf ....heck they just pilled an extra 90 milion onto the debt for operating expenses ...lol ...and as for sending heavy oil down tmx ...very good exept most of the production now is from the eaglford .....
For the sake of argument I will answer your questions , I believe none of your arguments are backed by approrpriate research or evidence . Either you are closet short bear with intentional misrepresentation or just passing useless comments/joking .
1) Refer to their presentation at $83WTI they make 850million FCF/yr with half to debt= 425million
2) Look at the Clearwater drilling results, with prodn going up to 20k bbl/day with newer wells( Refn Petroninja)
3) The total debt is unchanged but short term revolving debt was moved to listed debt . This led to savings in interest costs ( Investor presentations on their website)
4) Eagleford oild sells at LLS rates which is at a premium to WTI
5) See the results of refracking leagcy EF wells and 8% reduction in costs of drilling in EF . Likely capex reduced. ( EF refrac presentation on thier website)
I don't think you needed to respond. His comments are a mix between useless, deliberate misinformation, and poorly researched information.
Unless you find him entertaining, I would suggest you put him on ignore. Based on his comments, a chicken sandwich has a higher IQ.