Baytex Energy (TSE:BTE) has released an update.
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Baytex Energy Corp. reported strong financial results for the third quarter of 2024, generating $220 million in free cash flow and reducing net debt by 5%. The company returned $101 million to shareholders through share buybacks and dividends, while increasing crude oil production by 2% compared to the previous year. Baytex remains focused on maintaining steady production and delivering significant shareholder returns amid current market conditions.
For further insights into TSE:BTE stock, check out TipRanks’ Stock Analysis page.
