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July 31, 2014
07:59 EDTBTEBaytex Energy sees FY14 production 74K-76K boe/d
The company updated its 2014 guidance to reflect the expected closing date of the North Dakota asset sale. Capital spending plans are unchanged as it had previously incorporated a reduction in spending in North Dakota in the second half of this year. For the second half of 2014, capital expenditures for exploration and development activities are forecast to be C$440M-C$465M and it expects to generate an average production rate of 86,000 to 88,000 boe/d, previously 88,000 to 90,000 boe/d. FY14 production guidance is 74,000 to 76,000 boe/d, previously 75,000 to 77,000 boe/d, with budgeted exploration and development expenditures of C$765M-C$790M.
News For BTE From The Last 14 Days
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December 9, 2014
10:23 EDTBTEOn The Fly: Analyst Downgrade Summary
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09:07 EDTBTEBaytex Energy downgraded to Neutral from Buy at BofA/Merrill
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06:01 EDTBTEBaytex Energy downgraded to Market Perform from Outperform at BMO Capital
05:52 EDTBTEBaytex Energy lowers monthly dividend to 10c per share from 24c per share
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