Baytex Energy Corp T.BTE

Kudos to the cfo

[Maxmoe]

Upsizing the note offering to fill demand. Why not? He's clipping the interest coupon by 1% on 575 $million USD saving about 7.5 million @ $cdn. That covers the annual cost of the entire finance department I hope. Plus rolls the existing note out with these new 8 year notes. And done in an environment of higher rates and inflation. Wasn't that long ago bte and all the other producers were forced to walk the plank by their lenders with no financing available at any rate. Best time to raise money? When they all want to lend it to you.

[red2000]

Hi Maxmoe ! See below my actual forecast of LT Debt at the end of 2024 if Baytex bought 100M shares of Juniper at 5$, somewhere in Q2 2024. I used the information published by Baytex in it’s March presentation 2024. I used the quarterly % of 2022 to allocate quarterly the 800M$ of FCF that Baytex anticipates with a WTI at 80$US for 2024. Baytex may also paid a part of it’s 2nd LT Debt of 800M

[Antonyius]

Ya very unlikely juniper sells for anything under $6 especially if oil prices can remain stable.

[Maxmoe]

That's a Jim-dandy spreadsheet. I see no mathematical faults but I'd expect bte to try and steer right down the middle of the road. Pay a little dividend. Pay off a little debt. Buy back a few shares. Spend enough capex to keep production up. And when it comes to buying stock, the shares don't know where they came from when they are canceled, so we shouldn't care either. I just

[ManitobaCanuck]

Always nice to see you here Max. When are you coming for the steak dinner to Winnipeg :) 

[Maxmoe]

Yeah, been awhile. I sold all the bte when they blew the wad on the USA assets. Some people never learn I guess. Wonder when and what they buy next.  Man it ran a long way from 29 cents though didn't it? Steaks or life! Cheers!

[JohnnyDoe]

Hi Red Are you forecasting that long term debt rises to 2,718? 

[red2000]

Yop ! But this week-end, I will try to explain it differently ! Nice Week-end JD !