Baytex Energy Corp T.BTE

The DEBT HEADWINDS SPLIT INTO PIECES So You UNDERSTAND

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Our total debt⁽³⁾ at June 30, 2024 was $2.5 billion, largely unchanged from year-end 2023. Continuing to strengthen our balance sheet remains a priority. Based on our forecast free cash flow and shareholder return profile, we expect a reduction in total debt in the second half of 2024. The change in our total debt year-to-date reflects the strengthening U.S. dollar, relative to the Canadian dollar, on our U.S. dollar denominated debt (approximately $70 million), the call premium and issuance costs on our private placement offering and debt refinancing (approximately $50 million), and strategic land acquisitions (approximately $35 million). We are now forecasting interest expense for 2024 of $200 million, up from $190 million, previously.
 

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- so RIGHT THERE, you have a C$ 155 million (70+50+35) ADDITION to the NET DEBT in the first two quarters {Q1 and Q2/2024} STRIPPING OUT the OPERATING RESULTS 

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[Trader60]

Please read the MD&A on SEDAR, debt is $2.6B as of June 30 24. As notd by BTE on SEDAR, debt was $2.5B at end Dec 23. As such, debt increased in H1.  GLTU

[ztransforms173]

Trader60 - (7/25/2024 10:21:55 PM)   RE:The DEBT HEADWINDS SPLIT INTO PIECES So You UNDERSTAND Please read the MD&A on SEDAR, debt is $2.6B as of June 30 24. As notd by BTE on SEDAR, debt was $2.5B at end Dec 23. As such, debt increased in H1.  GLTU *** - DO NOT CONFUSE "TOTAL DEBT" with "NET DEBT" - they are

[Antonyius]

Z is quoting a sentence in the quarterly report that total debt as of q2 2024, is 2.5 billion, unchanged from 2023 but I think it's a confusing statement because Baytex lists debt as "total debt" and "net debt" total debt is credit facilities + long term notes, while net debt is total debt + working capital deficiencies.  What I'm more curious is that they had a