Post by
Quickdraw123 on Nov 03, 2022 5:22pm
Hohum
No debt being paid off is a bummer, everything else was decent news.
Comment by
dllscwbysfn on Nov 03, 2022 5:26pm
Actually I think this Q sucks. Down she goes tomorrow
Comment by
blackace on Nov 03, 2022 5:28pm
What report are you looking at lol: Reduced net debt(1) by 21% to $1.1 billion, from $1.4 billion at year-end 2021.
Comment by
dllscwbysfn on Nov 03, 2022 5:33pm
Q over Q no debt paid off. 79 m to buybacks so 237 was lost to currency exchange??
Comment by
Quickdraw123 on Nov 03, 2022 6:35pm
Same as report as you, I just read it correctly. See below taken from report lol. Our net debt at quarter-end was largely unchanged from Q2/2022 due to our share buyback program
Comment by
MoreCarbon on Nov 03, 2022 9:50pm
From the sound of it bte spent more on shares while the SP is low at cdn$ for cdn$, if they threw more money at debt while our dollar is weak, it makes less of an impact (wasted). I like what they did, some may not but makes good financial sense. Cheers
Comment by
Quietinvestor on Nov 03, 2022 5:32pm
A close look at the Baytex Nov presentation shows that some debt - $27M was paid off, not what investors or the market expected to see. They tried to play down a lackuster result with information about Oct results on the Clearwater. Will be interesting to hear how this is all explained tomorrow morning.