Baytex Energy Corp.
 (BTE)

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  • Fri, Jan. 22, 9:21 AM
    | Fri, Jan. 22, 9:21 AM | 12 Comments
  • Thu, Jan. 21, 12:45 PM
    | Thu, Jan. 21, 12:45 PM
  • Tue, Jan. 12, 12:41 PM
    | Tue, Jan. 12, 12:41 PM
  • Dec. 31, 2015, 1:52 PM
    • The volatility continues: After getting drubbed yesterday following the release of EIA inventory data, a slew of North American oil/gas industry firms are up strongly today as Nymex natural gas futures rise 6.1% to $2.35/MMBtu. The EIA reported today a weekly U.S. natural gas inventory change of -58 Bcf (close to expectations) to 3,756 Bcf.
    • Oil is also higher: WTI crude is up 2.5% to $37.53/barrel, and Brent crude up 3.7% to $37.80/barrel. The S&P is down 0.3%.
    • Also: Cheniere Energy (LNG +3.4%) has begun production at its Sabine Pass terminal, which will be the first to export shale gas from the U.S. Partner ING Capital states Cheniere is currently receiving, chilling, and storing 50M cubic feet of gas per day at the facility.
    • Major gainers include Southwestern Energy (SWN +9.6%), Williams (WMB +5.6%), Encana (ECA +4.5%), Gulfport Energy (GPOR +5.3%), Whiting Petroleum (WLL +8.2%), Rice Energy (RICE +5.6%), SandRidge Permian Trust (PER +8.9%), Oasis Petroleum (OAS +5.9%), BP Prudhoe Bay Royalty Trust (BPT +7.3%), and Baytex Energy (BTE +9.3%). ONEOK is up over 7% after catching an upgrade from Credit Suisse.
    | Dec. 31, 2015, 1:52 PM | 8 Comments
  • Dec. 16, 2015, 5:38 PM
    • Top gainers, as of 5.25 p.m.: P +10.5%. BTE +7.7%. FIVE +6.0%. FDX +5.4%. TVIX +3.4%.
    • Top losers, as of 5.25p.m.: PIR -14.8%. HTCH -4.9%. NRG -3.2%. TSU -3.1%. CLLS -2.0%.
    | Dec. 16, 2015, 5:38 PM
  • Dec. 10, 2015, 2:58 PM
    • Baytex Energy Trust (BTE +1.9%) announces a 2016 capital budget of $325M-$400M, at least 20% lower than 2015's anticipated $500M capex and below the low end of its previously forecast spending range of $350M-$400M.
    • BTE says 80%-90% of its 2016 planned capex will be directed to Eagle Ford operations, which at current commodity prices represents the highest individual well economics and highest netbacks in its portfolio.
    • BTE foresees 2016 production of 74K-78K boe/day, with 53% generated in the Eagle Ford and 47% coming from Canadian assets; expected production mix is 78% liquids (34% heavy oil, 32% light oil and condensate, 12% natural gas liquids) and 22% natural gas.
    | Dec. 10, 2015, 2:58 PM
  • Oct. 19, 2015, 12:43 PM
    | Oct. 19, 2015, 12:43 PM | 3 Comments
  • Oct. 6, 2015, 12:44 PM
    | Oct. 6, 2015, 12:44 PM | 3 Comments
  • Sep. 23, 2015, 5:40 PM
     
    • Top gainers, as of 5.25 p.m.: CNAT +39.0%. BTE +14.0%. SXC +12.0%. VHI +11.0%. CNX +9.0%.
    • Top losers, as of 5.25p.m.: RNWK -7.0%. FUL -6.0%. EXTR -5.9%. CCXI -4.9%. ONTY -4.7%.
    | Sep. 23, 2015, 5:40 PM
  • Aug. 21, 2015, 9:20 AM
    • Baytex Energy (NYSE:BTE) is off 12.8% premarket after suspending its monthly dividend, via an update to its outlook that sees it cutting capex 25% in 2016.
    • The company said total exploration and development expenditures for 2015 would come in at $500M, on the low end of its guidance for $500M-$575M, and it's narrowed its production guidance for the full year, to 84,000-86,000 boe/d (from 84K-88K).
    • For 2016 the E&D spend range should be $350M-$400M, targeting relatively stable production from 2015's exit rate.
    • It's pursuing sustainability in a low crude oil price environment, the company says. "Through negotiated cost savings with service providers, we have materially reduced the amount of exploration and development capital we must spend to maintain our production," says CEO James Bowzer.
    • It's suspending its monthly payment after the previously declared Sept. 15 dividend, and will reinstate it "when commodity prices recover to a supportive level."
    | Aug. 21, 2015, 9:20 AM | 9 Comments
  • Aug. 21, 2015, 9:15 AM
    | Aug. 21, 2015, 9:15 AM
  • Aug. 19, 2015, 12:45 PM
    | Aug. 19, 2015, 12:45 PM | 9 Comments
  • May 11, 2015, 5:40 PM
    | May 11, 2015, 5:40 PM
  • Mar. 11, 2015, 5:12 PM
    • Baytex Energy Trust (NYSE:BTE) -4% AH agrees to sell 28.8M common shares at $17.35 each to raise ~$500M in gross proceeds on a bought deal basis, with an underwriters option to purchase up to an additional 4.32M shares.
    • BTE says it will use the proceeds to reduce bank indebtedness, increase working capital and fund ongoing capital expenditures.
    | Mar. 11, 2015, 5:12 PM | 2 Comments
  • Jan. 5, 2015, 12:48 PM
    | Jan. 5, 2015, 12:48 PM
  • Dec. 9, 2014, 8:59 AM
    • Baytex Energy Trust (NYSE:BTE) -3.1% premarket after cutting its dividend to $0.10/share per month, down from the current $0.24.
    • BTE also approves a 2015 capital budget of $575M-$650M, ~30% lower than its previous estimate, designed to generate average production of 88K-92K boe/day for 2015.
    • BTE is the latest of several Canadian energy producers and services companies to curtail spending and/or payout plans given the steep drop in world oil prices.
    • BMO Capital downgrades shares to Market Perform from Outperform (Briefing.com).
    | Dec. 9, 2014, 8:59 AM
Company Description
Baytex Energy Corp is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Williston Basin in the United States.
Country: Canada