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 (4322) | 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
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