RE:RE:RE:RE:RE:RE:RE:RE:Debt at YE2024dllscwbysfn wrote: 2000 barrels/day at 70 bucks. 140000/day gone. 51 million/year gone nothing to see here though They spend 1.2-1.3 billion dollars and production is falling. Sounds like things are not going that great
Did you even read the press release . ROFL .
I seriously doubt your credibility and judgement skills. What stuff you smoking when you say" 51 million/yr gone " in FCF . Lol thats like 10% of FCF and no company would sell a asset that cheap . See a shrink dude , you got serious early signs of dementia or schizophrenia .
Calgary, Alberta–(Newsfile Corp. – December 20, 2024) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) today announced that it has closed the sale of its Kerrobert thermal asset located in southwest Saskatchewan, for net proceeds of approximately $42 million. Production from the asset is approximately 2,000 bbl/d (100% heavy oil).
The non-core disposition further streamlines our portfolio and the net proceeds from the sale will be applied against outstanding bank indebtedness.
To reflect the disposition, we have updated our 2025 production guidance to 148,000 to 152,000 boe/d (150,000 to 154,000 boe/d, previously). The disposition is not expected to meaningfully impact our exploration and development expenditures or free cash flow profile for 2025.