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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 > Questions and thoughts
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Post by dllscwbysfn on Nov 03, 2024 5:55pm

Questions and thoughts

So we have all these great wells and yet they need to spend 1.25 B just to maintain production. So if you drill your best locations first and costs go up over time(inflation) is this sustainable??
 The other thing that seems odd to me is they say they reduced debt by 100M in Q3. So did they actually pay off debt or is this simply due to a change in FX. So considering that the cdn loonie has dropped by over .02 since the end of Q3 what would their debt be today?What happens if it falls into the high 60's. Any thoughts??

 I used to be such a big believer in this company but I think they need a steady 80 WTI or higher to really make a significant move to the upside.
Comment by Frank007 on Nov 03, 2024 6:09pm
You r dead right ...at this oil rice it's a hamster wheel ...drilling yourself into zip a d doo dash ....