Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > F/X from near 1.38 to now 1.34

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Post by BayStreetWolfTO on Nov 08, 2022 12:41pm

F/X from near 1.38 to now 1.34

Just a note on F/X revaluation.

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Comment by dllscwbysfn on Nov 08, 2022 1:39pm

Are you now saying that BTE is better off with a stronger CAD$ until the majority of the debt is paid for?

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Comment by BayStreetWolfTO on Nov 08, 2022 2:13pm

No just highlighting how F/X is swinging. Here are my thoughts on best case for F/X...just so I am clear..... Best case 1. Nov22-Apr 23 hope for a high USD...get all the benefit on revenue (take down the credit facility (which is in CAD$) leaving the USD note alone...understand the note change is just paper...debt is debt....reduce the CAD$ credit facility for now which is still part of net debt ...more

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Comment by dllscwbysfn on Nov 08, 2022 2:50pm

Ok, I agree with all of that except the paper loss theory. If the Cad $ dollar stays about the same or gets weaker when that US debt is due it will no longer be a "paper loss" but a big actual loss. Plenty of risk here, hoping for the best as always though.

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Baytex Energy Corp