Post by
dandu1924 on Feb 28, 2024 5:35pm
debt reduced
at least BTE has reduced their debt by $290 millions, and the rest sound fair too. Any others comments
Comment by
Quickdraw123 on Feb 28, 2024 5:41pm
Numbers look good, we will only find out how the market reacts to the impairment tomorrow.
Comment by
Marty47 on Feb 28, 2024 5:44pm
Even with a lover wti average by close to 10$ versus q4 2022 and q3 2023 the debt got paid , as I said before q1 wti maybe 76$ so better that q4 2023 and if wti move to 80$ average in q2 all will be fine to move the stock price to 6$ ......thanks the Saudi and opec + and the houthis ..... woooo I should thanks the Houthis figure of speech lol
Comment by
vwbusman on Feb 28, 2024 5:45pm
Most of the debt reduction was from a one time asset sale. With the $834 million writedown of assets, Baytex never fails to surprise the market. Also, maybe I missed it but did they even address the CRA issue they are on the hook for (and have taken out insurance to address)
Comment by
thewarrior on Feb 28, 2024 5:46pm
Now we know why they acquired Ranger.
Comment by
1234bmth on Feb 28, 2024 6:13pm
The debt reduction of $290M is exactly from $291M FCF, sell of asset $160M IMO is used to pay CRA case insurance of $60M, dividend paid $38M, cash increased by $32M from Sep 30, so the total is $130M, the missing $30M may have been used to buyback shares.
Comment by
MoreCarbon on Feb 28, 2024 10:45pm
Would the missing 30M be interest costs?
Comment by
1234bmth on Feb 28, 2024 11:16pm
No, there is an increase of $30M in cash from Sep 30th, so this maybe the $30M.