Baytex Energy's Debt Wall Is Approaching Fast

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About: Baytex Energy Corp. (BTE)
by: Hervé Blandin
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Hervé Blandin
Long only, value, long-term horizon
Summary

The Canadian oil and gas producer released its 2020 capital program.

Free cash flow is key since the company's debt wall is approaching fast.

At a WTI price above US$55 per barrel, the investment proposition becomes attractive.

The Canadian oil and gas producer Baytex (BTE) announced its next-year capital program. Based on reasonable assumptions, the company's free cash flow yield can become huge in 2020. But given its significant debt