Baytex Energy raises 3-year production growth forecast to 8%-10%
BTE Baytex Energy Corp
$4.09 -2.15%
View chart & analysis → - 1Baytex Energy accelerated its production growth outlook to achieve 8%-10% growth over the next three years.
- 2Baytex Energy recorded $139 million in free cash flow for the quarter.
- 3Baytex Energy returned $165 million to shareholders during the quarter through share buybacks and base dividends.
So what's the key point?
Baytex Energy decided to increase its oil production more quickly. The company returned extra cash to shareholders, showing it is earning money well.
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