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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

TSX:BTE - Post Discussion

Baytex Energy Corp > Debt….
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Post by Frank007 on Dec 05, 2023 11:09pm

Debt….

Stop worrying about the debt .....it not to high as per the asset base and cash flow ..normal course of a buisiness ....if oil drops below $50 wti ...then start to worry ....and I say that is impossible ......I still think oil will be over $100 by spring .....just by supply and demand metrics ......world uses 102,000,000 barrel per day right now .....look around at all the b s ....U S production 13,200 ....Guyana 420,000.      That's all but growing slowly ...Canada ...up to 4,500,000.     Now just where do you think the rest is going to come from ....thin air ....even Saudi at max  output 13,500.   Which is imposable ..as they have never achieved that ever ....soooooo ...the world is going to be very short     All the Eia b s is. Just that b s ......investing in energy but do not buy on margin as the crooked banksters can see that ....and will short the stock and force you to sell ....this is a giant rigged. Casino ....good luck ...
Comment by AlwaysLong683 on Dec 05, 2023 11:47pm
As long as BTE's debt is rated junk status by the credit rating agencies, any debt renewals will carry with them higher interest rates and downturns in the oil price will hurt the unhedged portion of their production. Funny how, when a company's share price is falling, people blame short sellers, algos, etc., but when the share price is rising, all of a sudden  the market is ...more  
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