Baytex Energy Corp. BTE

Baytex Energy Corp. has undergone a strategic transformation by divesting its U.S. assets to focus on growth within the Western Canadian Sedimentary Basin. The company raised its production guidance, projecting an output of 69,000 to 71,000 barrels of oil equivalent per day for 2026. With a solid net cash position of approximately $857 million post-sale, Baytex is committed to enhancing shareholder returns through dividends and buybacks. This move, alongside a new capital budget of C$550 million to C$625 million for 2026, reflects Baytex's confidence in its operational strategy during ongoing oil price volatility.