Baytex Q2 production rises 12%

Baytex (BTE +2.6%) reports a 12% sequential increase in oil and NGL production in Q2. FFO of $1.26 per share gains 53%.

Operating netback of $31.71/boe, up 27% from Q1.

Total debt of $770.5M represents a debt-to-FFO ratio of 1.2x.

"We expect continued strong operating and financial results in H2," says CEO James Bowzer.

FY13 production guidance is tightened to 57K-58K boe/day from  56K-58K.

Comments (1)
  • Uncle Pie
    , contributor
    Comments (4323) | Send Message
    Long BTE for over a decade. An excellent investment, great dividends AND capital appreciation. Thank you, Baytex!
    14 Aug 2013, 02:25 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs