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Baytex Energy Corp (BTE.TO)

BTE.TO on Toronto Stock Exchange

2.36CAD
22 Mar 2019
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$-0.14 (-5.60%)
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Latest Key Developments (Source: Significant Developments)

Baytex Energy Reports Qtrly Loss Per Share Of $0.42
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Baytex Energy Corp ::BAYTEX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL AND OPERATING RESULTS AND 2018 YEAR END RESERVES.BAYTEX ENERGY CORP - CAPITAL EXPENDITURES ARE ON PACE FOR $155 MILLION IN Q1/2019.BAYTEX ENERGY CORP - GENERATED PRODUCTION OF 98,890 BOE/D (83% OIL AND NGL) DURING Q4/2018, AN INCREASE OF 42% OVER Q4/2017.BAYTEX ENERGY CORP - QTRLY ADJUSTED FUNDS FLOW PER SHARE $0.20.BAYTEX ENERGY CORP - EAGLE FORD PRODUCTION INCREASED 3% TO 38,437 BOE/D (78% LIQUIDS) IN Q4/2018, COMPARED TO Q3/2018.BAYTEX ENERGY CORP - 2019 ADJUSTED FUNDS FLOW FORECAST HAS INCREASED FROM $605 MILLION IN DECEMBER 2018, TO APPROXIMATELY $800 MILLION.BAYTEX ENERGY CORP - FINANCIAL RESULTS FOR Q4/2018 WERE NEGATIVELY IMPACTED BY SHARP DECLINE IN GLOBAL BENCHMARK CRUDE OIL PRICES.BAYTEX ENERGY CORP - QTRLY LOSS PER SHARE $0.42.BAYTEX ENERGY CORP - QTRLY PETROLEUM AND NATURAL GAS SALES C$358.4 MILLION VERSUS C$303.2 MILLION.  Full Article

Baytex Announces 2019 Budget
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Baytex Energy Corp ::BAYTEX ANNOUNCES 2019 BUDGET.APPROVED A 2019 CAPITAL BUDGET OF $550 TO $650 MILLION.TARGETING 2019 CAPITAL EXPENDITURES TO APPROXIMATE ADJUSTED FUNDS FLOW (ASSUMES A WTI PRICE OF US$52/BBL).BAYTEX ENERGY - 2019 CAPITAL BUDGET DESIGNED TO GENERATE AVERAGE ANNUAL PRODUCTION OF 93,000 TO 97,000 BOE/D..TARGET A LONG-TERM PRODUCTION GROWTH RATE OF 5-10%.BAYTEX - ADJUSTED FUNDS FLOW IN EXCESS OF CAPITAL EXPENDITURES, LEASE PAYMENTS AND ASSET RETIREMENT OBLIGATIONS WILL BE ALLOCATED TO DEBT REPAYMENT.2019 PROGRAM IS APPROXIMATELY 45% WEIGHTED TO FIRST HALF OF YEAR.BAYTEX ENERGY - SEES 2019 AFFO EARNINGS PER SHARE $1.08.BUDGET IS 90% WEIGHTED TO DRILLING AND COMPLETION ACTIVITIES..BASED ON MID-POINT OF 2019 GUIDANCE RANGE OF 95,000 BOE/D, APPROXIMATELY 62% OF PRODUCTION IS IN CANADA.RECENTLY STREAMLINED EXECUTIVE TEAM WITH A REDUCTION OF THREE EXECUTIVE OFFICERS.CONSOLIDATED PEACE RIVER AND LLOYDMINSTER OPERATIONS INTO ONE HEAVY OIL BUSINESS UNIT.CHANGES SAW AN APPROXIMATE 10% REDUCTION IN HEAD OFFICE STAFF AND CONTRACTORS.BAYTEX ENERGY - EXPECT A MODEST HEAVY OIL DEVELOPMENT PROGRAM THROUGH FIRST HALF OF 2019, WITH POTENTIAL TO SCALE ACTIVITY HIGHER SHOULD CRUDE OIL PRICES IMPROVE.2019 GUIDANCE ASSUMES CURTAILMENT OF APPROXIMATELY 1,000 BBL/D OF HEAVY OIL FOR FIRST SIX MONTHS OF YEAR.  Full Article

Baytex, Raging River Receive Shareholder And Court Approval For Strategic Combination
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Baytex Energy Corp ::BAYTEX AND RAGING RIVER RECEIVE SHAREHOLDER AND COURT APPROVAL FOR STRATEGIC COMBINATION.BAYTEX ENERGY CORP SAYS STRATEGIC COMBINATION BETWEEN CO AND RAGING RIVER EXPLORATION EXPECTED TO CLOSE ON AUGUST 22, 2018.  Full Article

Baytex & Raging River File Joint Circular Seeking Shareholder Approval Of Strategic Combination
Friday, 20 Jul 2018 

July 20 (Reuters) - Baytex Energy Corp ::BAYTEX AND RAGING RIVER FILE JOINT MANAGEMENT INFORMATION CIRCULAR SEEKING SHAREHOLDER APPROVAL OF STRATEGIC COMBINATION.  Full Article

Baytex CEO says Raging River deal puts Eagle Ford dilution on 'back burner'
Monday, 18 Jun 2018 

June 18 (Reuters) - Baytex Energy Corp and Raging River Exploration Inc hold conference call to discuss merger::BAYTEX CEO SAYS RAGING RIVER DEAL PUTS DILUTION OF EAGLE FORD ASSETS ON 'BACK BURNER'.  Full Article

Baytex Energy And Raging River To Merge
Monday, 18 Jun 2018 

June 18 (Reuters) - Baytex Energy Corp ::BAYTEX AND RAGING RIVER TO MERGE AND CREATE A TOP-TIER NORTH AMERICAN OIL PRODUCER WITH EXCEPTIONAL ASSETS AND A STRONG BALANCE SHEET.BAYTEX ENERGY CORP - COMBINED ORGANIZATION WILL HAVE AN ENTERPRISE VALUE OF APPROXIMATELY $5 BILLION AND OPERATE UNDER BAYTEX NAME.BAYTEX ENERGY CORP - COMBINATION WILL HAVE EQUITY VALUE OF $2.8 BILLION.BAYTEX ENERGY CORP - BOARD OF COMBINED CO WILL CONSIST OF SIX MEMBERS OF BAYTEX BOARD AND FOUR MEMBERS OF RAGING RIVER BOARD.BAYTEX ENERGY CORP - BOARD OF CO, BOARD OF RAGING RIVER UNANIMOUSLY APPROVED TRANSACTION.BAYTEX ENERGY CORP - SEES 2019 AVERAGE ANNUAL PRODUCTION OF 100,000 TO 105,000 BOE/D FOR COMBINED COMPANY.BAYTEX ENERGY - EDWARD LAFEHR WILL SERVE AS PRESIDENT AND CEO OF COMBINED CO.BAYTEX ENERGY CORP - FOR COMBINED COMPANY, SEES 2019 EXPLORATION AND DEVELOPMENT CAPITAL PROGRAM OF $750 TO $850 MILLION.BAYTEX ENERGY CORP - FOR COMBINED COMPANY, SEES 2019 ADJUSTED FUNDS FLOW OF APPROXIMATELY $1.0 BILLION.BAYTEX ENERGY - DEAL WILL RESULT IN HOLDERS OF COMMON SHARES OF RAGING RIVER RECEIVING 1.36 COMMON SHARES OF BAYTEX FOR EACH RAGING RIVER SHARE OWNED.BAYTEX ENERGY CORP - BAYTEX AND RAGING RIVER HAVE ENTERED INTO ARRANGEMENT AGREEMENT.BAYTEX ENERGY - TRANSACTION TO RESULT IN HOLDERS OF RAGING RIVER SHARES RECEIVING ABOUT 315 MILLION OF CO'S SHARES FOR OUTSTANDING RAGING RIVER SHARES.  Full Article

Baytex Announces 2018 Budget And Board Succession
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Baytex Energy Corp ::BAYTEX ANNOUNCES 2018 BUDGET AND BOARD SUCCESSION.SAYS ITS BOARD HAS APPROVED A 2018 CAPITAL BUDGET OF $325 TO $375 MILLION.- ‍APPROVED A 2018 CAPITAL BUDGET OF $325 TO $375 MILLION​.- ‍TARGETED EXIT PRODUCTION RATE FOR 2018 OF 72,000-73,000 BOE/D​.BAYTEX ENERGY - ‍APPROVED 2018 CAPITAL BUDGET OF $325 TO $375 MILLION, WHICH IS DESIGNED TO GENERATE AVERAGE ANNUAL PRODUCTION OF 68,000 TO 72,000 BOE/D​.  Full Article

Baytex Energy Q3 FFO per share C$0.33
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Baytex Energy Corp :Baytex reports q3 2017 results and board appointment.Q3 FFO per share c$0.33.Baytex Energy Corp - ‍ produced 69,310 BOE/d (80% oil and ngl) in Q3 and 70,473 BOE/d (79% oil and ngl) for first nine months of 2017​.Baytex Energy Corp - ‍ tightened 2017 production guidance range to 69,500 BOE/d to 70,000 BOE/d despite impact of Hurricane Harvey in Q3​.‍tightened 2017 production guidance range to 69,500 to 70,000 BOE/d​.Baytex Energy Corp - ‍ maintaining our capital budget guidance at $310 million to $330 million​.  Full Article

CANADA STOCKS-TSX off six-month highs on soft inflation, weak retail sales

March 22 Canada's main stock index pulled back from six-month highs on Friday after the country's overall inflation missed the central bank's target for the second straight month, while energy stocks came under pressure from a drop in oil prices.