Welcome to our dedicated news page for Baytex Energy (Ticker: BTE), a resource for investors and traders seeking the latest updates and insights on Baytex Energy.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Baytex Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Baytex Energy's position in the market.
News
Rhea-AI Summary
Baytex Energy Corp. (TSX: BTE) announces obtaining an exemption order allowing the purchase of up to 10% of its public float of common shares through U.S. Markets as part of its shareholder return strategy. The exemption is applicable to the current normal course issuer bid until August 1, 2025, and requires compliance with U.S. and TSX rules.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
-
Rhea-AI Summary
Baytex Energy Corp. announced the closing of a private placement offering of US$575 million senior unsecured notes due 2032, with an interest rate of 7.375% per annum. The company intends to use the proceeds to redeem existing notes, repay debt, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
-
Rhea-AI Summary
Baytex Energy Corp. announces the pricing and upsize of US$575 million senior unsecured notes due 2032, with an interest rate of 7.375% per annum. The Offering is expected to close on April 1, 2024, and the net proceeds will be used for debt repayment and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
Rhea-AI Summary
Baytex Energy Corp. (BTE) announces a private placement offering of US$500 million senior unsecured notes due 2032 to redeem existing notes and repay debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
-
Rhea-AI Summary
Baytex Energy Corp. reports strong 2023 results with increased production, significant free cash flow, and improved balance sheet strength. The acquisition of Ranger Oil Corporation added quality scale in the Eagle Ford, enhancing shareholder returns. Despite a net loss due to impairments, Baytex remains well-capitalized and committed to long-term value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.54%
Tags
-
Rhea-AI Summary
Baytex Energy Corp. declares a quarterly cash dividend of CDN$0.0225 per share, payable on April 1, 2024, for shareholders of record on March 15, 2024. The dividend is designated as an 'eligible dividend' for Canadian tax purposes and a 'qualified dividend' for U.S. income tax purposes. Baytex Energy Corp. is an energy company engaged in crude oil and natural gas production in Western Canada and the Eagle Ford in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.54%
Tags
Rhea-AI Summary
Baytex Energy Corp. will release its Q4 and full-year 2023 financial results on February 28, 2024. The company will host a conference call on February 29, 2024, to discuss the results. Baytex is an energy company focused on oil and gas production in Canada and the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
-
Rhea-AI Summary
Baytex Energy Corp. (BTE) announces a 2024 budget for exploration and development expenditures of $1.2 to $1.3 billion, aiming for average annual production of 150,000 to 156,000 boe/d. The company plans to allocate 60% to 65% of its exploration and development expenditures to its Eagle Ford light oil assets in the United States and 35% to 40% to its Canadian assets. Baytex also intends to direct 50% of free cash flow to share buybacks and its base dividend and the other 50% to further strengthen the balance sheet. The company's five-year outlook demonstrates its commitment to a disciplined, returns-based capital allocation philosophy that drives increased shareholder returns on a per-share basis, with an expected annual production growth of 1% to 4% during the plan period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.18%
Tags
-
Rhea-AI Summary
Baytex Energy Corp. (BTE) to Sell Viking Assets for $153.8 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
Rhea-AI Summary
Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) Announces Denial of Non-Capital Loss Deductions by Canada Revenue Agency, Plans to File Appeals to Tax Court
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.71%
Tags
Baytex Energy Corp.
NYSE:BTE
BTE Rankings
BTE Stock Data
2.89B
715.06M
0.73%
36.91%
1.95%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Calgary
About BTE
baytex energy corp. is a dividend-paying oil and gas corporation based in calgary, alberta. the company is engaged in the acquisition, development and production of crude oil and natural gas in the western canadian sedimentary basin and in the williston basin in the united states. approximately 89% of baytex's production is weighted toward crude oil, with a particular emphasis on heavy oil. baytex pays a monthly dividend on its common shares which are traded on the toronto stock exchange and the new york stock exchange under the symbol bte.