BTE

Baytex Energy Corp. is a Canadian oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas primarily in Canada and the United States. The company operates assets in the Western Canadian Sedimentary Basin including the Peace River region of Alberta, and in the Eagle Ford Shale in Texas. Baytex employs thermal recovery techniques, horizontal drilling, and multi-stage hydraulic fracturing to extract oil and gas from its properties. Founded in 1993 and headquartered in Calgary, Alberta, Baytex has navigated volatile oil and gas markets including the 2014-2016 downturn that required significant financial restructuring. The company underwent debt exchanges and operational improvements to survive low oil price environments. Baytex benefits from long-lived, low-decline thermal oil assets in Canada and high-return Eagle Ford development opportunities. The company generates free cash flow used for debt reduction, capital reinvestment, and shareholder returns through dividends and buybacks. Baytex faces commodity price volatility, operational risks, environmental regulations, and energy transition pressures. The company continues to focus on operational excellence, capital discipline, and shareholder value creation.