Group 1 - Baytex Energy Corp. has declared a quarterly cash dividend of CDN$0.0225 per share, payable on April 1, 2025, to shareholders of record on March 14, 2025 [1] - The U.S. dollar equivalent of the dividend is approximately US$0.0158 per share, based on a foreign exchange rate of 1.42 CAD/US [2] - The dividend is classified as an "eligible dividend" for Canadian tax purposes and a "qualified dividend" for U.S. income tax purposes [2] Group 2 - Baytex Energy Corp. is headquartered in Calgary, Alberta, with additional offices in Houston, Texas, and is involved in the acquisition, development, and production of crude oil and natural gas [3] - The company operates primarily in the Western Canadian Sedimentary Basin and the Eagle Ford region in the United States [3] - Baytex's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [3]

Baytex Conference Call and Webcast on Fourth Quarter and Full Year 2024 Results to Be Held on March 5, 2025February 25, 2025 4:00 PM EST | Source: Baytex Energy Corp.Calgary, Alberta--(Newsfile Corp. - February 25, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its fourth quarter and full year 2024 financial and operating results after the close of markets on Tuesday March 4, 2025. A conference call and webcast will be held on Wednesday March 5, 2025 to discuss the results:Dat ...

Group 1 - The oil and gas industry is characterized as a boom-bust, cyclical sector requiring patience and experience for successful investment [2] - The analysis focuses on identifying undervalued companies within the oil and gas sector, specifically mentioning Baytex Energy as a case study [5] - The research includes a comprehensive breakdown of companies' balance sheets, competitive positions, and development prospects [5] Group 2 - The service provided offers insights that are prioritized for members, with additional analysis not available on free platforms [5]

Core Points - Baytex Energy Corp. has completed the sale of its Kerrobert thermal asset in Saskatchewan for net proceeds of approximately $42 million, with production from the asset being around 2,000 bbl/d of heavy oil [1][2] - Following the sale, Baytex has updated its 2025 production guidance to a range of 148,000 to 152,000 boe/d, down from the previous guidance of 150,000 to 154,000 boe/d [2] - The company expects that the asset disposition will not significantly affect its exploration and development expenditures or free cash flow profile for 2025 [2][8] Company Overview - Baytex Energy Corp. is headquartered in Calgary, Alberta, and operates in the acquisition, development, and production of crude oil and natural gas, primarily in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States [5] - The company's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [5]

Group 1 - Baytex Energy (NYSE: BTE) has continued to perform in-line with expectations regarding its operational results, with both production and capital expenditures (capex) expected to hit the middle of its original guidance for the year [2]

Core Viewpoint - Baytex Energy Corp. has announced its 2025 budget, focusing on disciplined capital allocation to prioritize free cash flow while maintaining a strong balance sheet in a moderated growth environment [3][4][10]. Financial Overview - The approved budget for 2025 exploration and development expenditures is set between $1.2 billion and $1.3 billion, targeting average annual production of 150,000 to 154,000 boe/d based on a WTI price of US$65/bbl [4][11]. - The company expects to exit 2024 producing between 152,000 and 153,000 boe/d, with a first-quarter production forecast of 147,000 to 149,000 boe/d [12]. Production and Operations - Operated production is projected to increase by 1% in 2025, with approximately 85% of total corporate volumes coming from operated assets [5]. - The capital program will allocate 55% to 60% of expenditures to Eagle Ford light oil assets in the U.S. and 40% to 45% to Canadian assets, with a balanced split between light and heavy oil in Canada [6][9]. Development Plans - In the Eagle Ford, 54 net wells are expected to come online, including 41 net operated wells, while Canadian operations will see nine net wells in Pembina Duvernay and 90 in Viking [7]. - The company plans to run a consistent two rig and one frac crew program throughout most of the year, targeting a 7% improvement in drilling and completion costs per completed lateral foot compared to 2024 [8]. Financial Guidance - Operating expenses are largely unchanged from 2024, with guidance based on an exchange rate of 1.40 CAD/USD [15]. - A $0.05 CAD/USD change in the exchange rate impacts operating expenses by $0.21/boe and total debt by $70 million [16]. Five-Year Outlook - The five-year outlook anticipates maintaining annual exploration and development expenditures at $1.2 to $1.3 billion, generating cumulative free cash flow of $3.1 billion and a total return of capital of approximately $1.7 billion [20][21]. - Sensitivity analysis indicates that at a constant US$65/bbl WTI price, free cash flow is expected to be $1.5 billion, increasing to $4.5 billion at US$85/bbl [23].

Group 1 - The Daily Drilling Report is an investment group focused on providing analysis for the oil and gas industry, featuring a model portfolio that encompasses all segments of upstream oilfield activity with weekly updates [1] - The group offers investment ideas for both U.S. and international energy companies, covering a range from shale to deepwater drillers [1] - Technical analysis is utilized to identify catalysts within the oil and gas sector [1] Group 2 - Fluidsdoc is an international oil industry veteran with 40 years of experience, having worked across six continents and over twenty countries, specializing in the upstream oilpatch [2]

I analyze oil and gas companies like Baytex Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up her ...

The Zacks Oil and Gas - Exploration and Production - Canadian industry faces mixed dynamics. Weaker Chinese consumption, a critical factor in global oil pricing, has prompted OPEC+ production cuts. If China's demand remains subdued, oversupply could further pressure prices. Additionally, the rise of renewables and EVs presents long-term challenges, with technology advancements steadily reducing fossil fuel dependence. Yet, Canada’s energy infrastructure received a boost from the Trans Mountain Pipeline Expa ...

Baytex Energy Corp. (NYSE:BTE) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Brian Ector - Senior Vice President, Capital Markets and Investor Relations Eric Greager - President and Chief Executive Officer Chad Kalmakoff - Chief Financial Officer Chad Lundberg - Chief Operating Officer Conference Call Participants Justin Ho - RBC Capital Markets Amir Arif - ATB Capital Operator Good day, everyone. Thank you for standing by. This is the conference operator. Welcome to the ...