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-0.00358955316252018 -0.0015265915748648 -0.00771547633783056 -0.0139043611007963 -0.00771547633783056 -0.00358955316252018 -0.0172876181045509 -0.0207121343400585
Stock impact report

Baytex Energy weighs sale of Eagle Ford operations [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
Texas, US, as it considers refocusing on assets in Canada, Bloomberg reported, citing unnamed people with knowledge of the matter. After expanding its presence in the Eagle Ford two years ago through its acquisition of Ranger Oil, the Calgary, Canada-based producer has now engaged advisers to gauge interest in the US assets. The operations could attract bids of up to $3bn, although no final decision has been taken and Baytex may choose to retain the acreage. A company spokesperson refused to comment, reported the media outlet. An investor presentation this month revealed that Eagle Ford now represents the majority of the company's output and is expected to produce 82,000 barrels of oil per day (bopd) this year. The presentation also indicated that the basin will account for around 57% of Baytex's estimated C$1.2bn ($856.08m) exploration and development expenditure in 2025. When Baytex completed the Ranger takeover it described the deal as a way to double free cash flow. Th Show less Read more
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