Baytex Announces 2019 Budget
Baytex Energy Corp Common Shares (BTE)
Last baytex energy corp common shares earnings: 3/4 06:30 am
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US:NYSE Investor Relations:
baytexenergy.com/investor/overview-investor-relations.cfm
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Source: GlobeNewswire
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2019 capital budget of $550 to $650 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d. Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, said: “As we enter 2019, our top priority is disciplined capital allocation across our strong portfolio of assets. We will focus activity on our high return, high netback light oil assets in the Viking and Eagle Ford and we will continue to prudently advance the East Duvernay Shale. Importantly, we have the operational flexibility to adjust our spending plans based on changes in the commodity price environment.” Highlights of the 2019 Budget Funding of Capital Program. We are targeting 2019 capital expenditures to approximate adjusted funds flow (assumes a WTI price of US$52/bbl). Capital Allocation. Approximately 80%
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BTE
Sec Filings
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/1/24 - Form 6-K
- BTE's page on the SEC website