2024-07-26 18:15:06 ET
Summary
- Baytex Energy Corp. per share production is up sharply due to the acquisition.
- Clearwater wells return 500% at least in the current environment.
- Acquisition of Ranger Oil added much-needed light oil production. This supports the expansion of the heavy oil business.
- United States earnings from Eagle Ford are likely offsetting any unfavorable currency effects on the debt. In short, there is no unfavorable currency effect on the debt.
- Earnings per share are now positioned to grow for years to come.
(Note: Baytex Energy is a Canadian company that reports in Canadian dollars unless otherwise noted.) ...
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Baytex Energy: Per Share Production Up 23%