- 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.
- Press release.
Baytex Q2 production rises 12%
Aug 14 2013, 09:41 ET