Baytex Energy Corp T.BTE

Please explain

[Dumpinvestor]

Fcf is $70 mil... reduce debt by 89 mil... why loss 6 cents per share..if some one understands financial statement please advise...thanks

[ManitobaCanuck]

Probably some asset depreciation to claim loss and avoid taxes, just a opinion , though i dont know for sure.

[Dumpinvestor]

Thanks.

[deepblue]

The Owl guy can explain it. Lmfao!!

[1234bmth]

Net income includes non cash items such as depreciation, unrealized exchange gain or loss and some other items, but FCF is the net of total revenue less all cash related expenses such as cost of goods sold, salaries, marketing and so on. In other word cash is already paid or it is reflected in to total debt for non cash items which includes in net income, FCF is more important than net earnings to

[topdown99]

It's an oddity of accounting , BTE has some hedges that keep their max price at $55/bbl for 40% of production until Dec 2021 . With WTI at $65 , BTE is loosing the difference on that production and those unrealized estimated "losses" were calculated and charged against AFF . The amount of $85 million was charged causing the paper loss . Since it was based off 9 months remaining in

[red2000]

Very good explanation Topdown99 ! Always a plessure to read your post ! Interesting to see production increase with not too much increase in capital expenditures ! Waiting for market reaction next week ! Still LONGS !

[topdown99]

Hi red2000 , it's been a while . Market reaction will be interesting as it can be played both ways depending on what you want to concentrate on (debt reduction , increased production/cash flow or unrealized losses) .  BTE net debt dropped $300 million in 12 months or BTE looses $35 million in Q1 , we'll see how the story gets reported . Anyone who has paid off a morgage knows how

[Dumpinvestor]

Topdown99.. thanks for your explaination