Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Baytex reports Q4 FFO per share C$0.44

Published 2016-03-03, 07:37 a/m
© Reuters.  BRIEF-Baytex reports Q4 FFO per share C$0.44
BTE
-

March 3 (Reuters) - Baytex Energy Corp BTE.TO :
* Reports 2015 results, strong reserves growth in the Eagle Ford and revised
2016 budget
* Q4 FFO per share C$0.44
* Says production of 81,110 boe/d (81% oil and ngl) during q4/2015
* Generated production of 81,110 boe/d (81% oil and ngl) during q4/2015
* Says production during the first quarter of 2016 is expected to average
73,000 to 75,000 boe/d
* Reducing 2016 exploration,development capital budget to $225 to $265 million,
a 33% reduction from initial expectations
* Says revised production guidance range for 2016 to 68,000 to 72,000 boe/d
* Reducing our 2016 exploration and development capital budget based on current
commodity price environment"
* Says proactively shutting-in approximately 7,500 bbl/d of low or negative
margin heavy oil production

* Source text for Eikon ID:nMKWBFKXfa

* Further company coverage BTE.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.