Baytex Energy Corp T.BTE

WTI up $4.51 BTE down?

[Wildfury]

How can this stock reach $20 when it goes down the next day after earnings on a 5% jump in WTI ? Holding this long term is a mistake , I have finally realized this , after the up's & downs over the past 2 years I should have traded it rather than seeing the manipulators getting rich. If 75% was going to debt then why is the debt the same as last quarter ? I said it before & I will say it again , FU Ed , your 40% hedging really screwed us good . WTI is up over $4.50 and Baytex is being dumped , WTF .

[Mostawesomest]

Look at the whole energy sector buds...

[riski]

I think it's holding up quite well for day after earnings.  Especially with all the speculators and traders on this name. Selling the news is as popular as it ever was, especially on a Friday when traders like to cozy up to their cash for the weekend.  WTI is up, but more than half of that is US dollar getting sold off. So WTI is only really up 1-2%. But the weak USD also means that

[masfortuna]

He didn't say 75% to debt.  He said 25% for buybacks in this phase. That means the 75% left is for capex and debt. Look at what they spent on capex. Then look at what they paid for debt.  Then add the difference in CDN $ and you will see that it balances out.

[Wildfury]

Mas , this is from Baytex's report Our improved financial position enabled us to implement the second phase of our enhanced shareholder return framework in May, allocating 25% of annual free cash flow to a share buyback program with 75% of free cash flow allocated to debt reduction.75% towards debt. not to capex & debt. They also said it was virtually the same debt remaining as last

[JohnnyDoe]

fcf is money available AFTER capex. So if capex rises, then fcf drops. They dialed back using fcf on debt because of fx. Pretty simple. Kind of prudent. let's say i owe you 100 bucks US. The money is owed in one year. I can pay you that money anytime I want. Currently, in cdn funds my debt you is 130. Without the debt actually changing, 100 US, in Canadian funds the amount needed to cover my

[dllscwbysfn]

Johnny Doe, FX is not hedging .Hedging comes with a gaurantee. What we have here is called gambling or maybe an educated guess and I do hope they get it right. If it goes wrong it could go very wrong because what would the debt be if the loonie drops into the ,62 -.64 range.  We make more money when the Cad$ is weak but our debt gets worse,right?  Maybe one of you smart people can figure

[BayStreetWolfTO]

Many are calling for a weaker USD in 2023...the dollar has strengthened in the rate rising environment....this is standard....so when rates peak and they MUST start lowering wait for the drop.... CIBC is predicting this....I don't think it is a gamble imo... Unless you feel the FED will raise rates another 200 bps in 2023....if they did that the reversal required would be even greater. That

[JohnnyDoe]

why are you addressing this at me? I'm quite aware that fx and hedging are different things. Gambling on what? Hedging is a risk management game. We see less hedges in 2023 at much higher prices. Do you mean gambling on the timing of debt repayments? Ya, they could get that wrong. I hadn't realized until this Q that the debt was denominated in US funds but knowing that it seems to me how

[dllscwbysfn]

Johnny Doe, Your words below. fcf is money available AFTER capex. So if capex rises, then fcf drops. They dialed back using fcf on debt because of fx. Pretty simple. Kind of prudent. let's say i owe you 100 bucks US. The money is owed in one year. I can pay you that money anytime I want. Currently, in cdn funds my debt you is 130. Without the debt actually changing, 100 US, in Canadian funds

[dllscwbysfn]

Johnny Doe, I mean no harm. We are on the same page, long term holders. I was caught off guard with the US$ debt. Maybe a little frustrated is all. Hoping we average $90 WTI or  better over the next year will solve most problems one way or the other.

[JohnnyDoe]

sorry, two different subjects. I usually type on my phone. The hard returns don't show the same when I use the phone. On the phone it would have displayed to me as a paragraph break so obvious I was switching subjects. apologies. I really dislike typing posts for this site on a phone