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BRIEF-Baytex reports Q3 results

Published 2018-11-02, 08:23 a/m
© Reuters.  BRIEF-Baytex reports Q3 results
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Nov 2 (Reuters) - Baytex Energy Corp BTE.TO :

* BAYTEX REPORTS STRONG Q3 2018 RESULTS AND SIGNIFICANT DUVERNAY LIGHT OIL DISCOVERY

* BAYTEX ENERGY CORP QTRLY ADJUSTED FUNDS FLOW OF $0.46 PER BASIC SHARE

* BAYTEX ENERGY CORP - DELIVERED PRODUCTION OF 82,412 BOE/D (81% OIL AND NGL) DURING Q3/2018

* BAYTEX ENERGY CORP - OPTIMIZATION STRATEGY WILL REDUCE Q4/2018 HEAVY OIL VOLUMES BY APPROXIMATELY 5,000 BOE/D (90% OIL)

* BAYTEX ENERGY CORP - BASED ON PRELIMINARY 2019 PLANS, EXPECT TO GENERATE ABOUT $900 MILLION OF ADJUSTED FUNDS FLOW

* BAYTEX ENERGY CORP - CURRENTLY ANTICIPATE MODERATING GROWTH EXPECTATIONS IN HEAVY OIL OVER NEAR TERM

* BAYTEX ENERGY CORP - MAKING PLANS FOR A CURTAILED HEAVY OIL DEVELOPMENT PROGRAM THROUGH FIRST HALF OF 2019

* BAYTEX ENERGY CORP - WILL CONTINUE TO MONITOR CANADIAN CRUDE OIL PRICING DYNAMICS

* BAYTEX ENERGY - FOR 2019 PRELIMINARY PLANS, EXPLORATION AND DEVELOPMENT EXPENDITURES ARE NOW EXPECTED TO TOTAL $650 TO $750 MILLION

* BAYTEX ENERGY CORP - FOR FULL-YEAR 2018, HAVE TIGHTENED OUR PRODUCTION GUIDANCE RANGE TO 79,000 TO 80,000 BOE/D

* BAYTEX ENERGY CORP - UNDER 2019 PRELIMINARY PLANS, EXPECT TO GENERATE AVERAGE ANNUAL PRODUCTION OF APPROXIMATELY 95,000 TO 100,000 BOE/D

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