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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

Comment by ztransforms173on Dec 13, 2024 11:55am
171 Views
Post# 36361148

RE:RE:C $ F/X Is TRENDING TOWARDS US 70 CENTS !

RE:RE:C $ F/X Is TRENDING TOWARDS US 70 CENTS !
RE:C $ F/X Is TRENDING TOWARDS US 70 CENTS !
 
Debt translation??? Really?  The company has borrowed money in US dollars and the interest on that money will be in US dollars  . Maybe I am wrong but I think when they come out with Q4 earnings it will show that debt has increased considerably. I think the loonie has dropped by about 4 cents since the last report. Is all of their debt in US$? People tell me it's just optics but it looks pretty real to me.

***

- BTE has BOTH C $  & USD DEBT

- US CREDIT FACILITY OUTSTANDING BALANCE will be LOWER in Q4/2024 THAN Q3/2024 since SOME of that REVOLVING LOAN will BE REPAID {50/50 FRAMEWORK}

* US CREDIT FACILITY is #1 IN RANK to REDUCE DEBT from the DEBT REPAYMENT PRIORITY LIST

- LOWER US CREDIT FACILITY + LONG-TERM NOTES are DENOMINATED in USD currency

* WHEN TRANSLATED on the BTE BALANCE SHEET in C $, these AMOUNTS will INCREASE due to WEAKNESS in C$ versus USD

z173

 
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