RE:RE:WTI avg. for October $71.99They said they paid down USD debt, but the value in CAD did not change due to the change in FX (lower CAD vs USD exchange rate). If the FX rate stops falling this stops, if the CAD increases it reverses. Politically it will probably take another year before this changes, but it will eventually.
dllscwbysfn wrote: Well banana you might want to ask Baytex where their debt is today. Since the last earnings report the Cdn loonie has dropped by about .03 cents. Many people say this is good but I have memories of BTE telling us they didn't pay any debt due to the change in currency, just saying!