BTEGF News and Press, Baytex Energy Corp From 04/29/22

Baytex Energy Corp (BTEGF) Q1 2022 Earnings Conference Call April 29, 2022, 11:00 ET Company Participants Brian Ector - VP, Capital Markets Edward LaFehr - President, CEO & Director Rodney Gray - EVP & CFO Conference Call Participants Patrick O'Rourke - ATB Capital Markets Eric Nuttal...

This document corrects and replaces in its entirety the press release that was issued by Baytex Energy Corp., on April 28, 2022 at 8:02 PM EST. The correction relates to the total number of shares represented by shareholders at the meeting. The replaced press release follows in full below: Ca...

Calgary, Alberta--(Newsfile Corp. - April 28, 2022) - Baytex Energy Corp. (TSX: BTE) reports that all matters presented for approval at the annual and special meeting of shareholders held today were approved. A total of 569,185,621 common shares being 38.08% of Baytex's issued and outstanding ...

Baytex is now projected to generate over US$700 million in positive cash flow at current 2022 strip of high-$90s WTI oil. It may also be able to average US$640 million per year in positive cash flow from 2023 to 2025 at $75 WTI oil, helped by few hedges. Baytex is targeting US$630...

Baytex Energy press release (OTCPK:BTEGF): Q1 GAAP EPS of C$0.10 misses by C$0.06. Revenue of C$673.83M (+75.2% Y/Y). Adjusted funds flow of C$280 million (C$0.49 per basic share) in Q1/2022, a 78% increase compared to C$157 million (C$0.28 per basic share) in Q1/2021. For further details s...

Calgary, Alberta--(Newsfile Corp. - April 28, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") reports its operating and financial results for the three months ended March 31, 2022 (all amounts are in Canadian dollars unless otherwise noted). "We remain focused on capital discipline, generat...

Heavy oil is more profitable than light oil in the current environment. Profits and cash flow often disappear for heavy oil during industry downturns when the discount expands due to weak pricing. The Clearwater play is bringing on extremely low cost heavy oil production. The ...

Calgary, Alberta--(Newsfile Corp. - April 21, 2022) - Baytex Energy Corp. (TSX: BTE) will release its 2022 first quarter financial and operating results after the close of markets on Thursday April 28, 2022. A conference call and webcast will be held on Friday April 29, 2022 to discuss the res...

MEG Energy is our 2nd largest position in the portfolio. At $105/bbl WTI, it has a free cash flow yield of over ~30%. By year-end, MEG Energy's debt level will be well below C$1 billion, allowing it to return more capital back to shareholders. MEG also has no oil hedges this y...

Calgary, Alberta--(Newsfile Corp. - April 1, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") is pleased to announce that it has received strong support from its lending syndicate to extend and amend its bank credit facilities. The revolving credit facilities have been extended by two y...