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Stock impact report

Here is Why Baytex Energy (BTE) Jumped This Week [Yahoo! Finance]

Baytex Energy Corp Common Shares (BTE) 
Last baytex energy corp common shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Here is Why Baytex Energy (BTE) Jumped This Week Baytex Energy Corp. (NYSE:BTE) 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. Baytex Energy Corp. (NYSE:BTE) hit a 52-week high after the company announced on November 12 that it had agreed to sell its U.S. Eagle Ford assets to an undisclosed buyer for about $2.305 billion in cash. The assets to be divested produced 82,765 barrels of oil equivalent (boe) per day in the third quarter and represent the entirety of Baytex's business in the United States. The strategic move is aimed at strengthening the company's balance sheet, supporting capital allocation to its highest-return opportunities in western Canada, and positioning it to deliver meaningful shareholder returns. Baytex Energy Corp. (NYSE:BTE), returning to its roots as a focused Canadian company, also caught the eye of several analysts. On November Show less Read more
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