Baytex Energy (TSE:BTE) has released an update.
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Baytex Energy Corp. reported a robust second quarter in 2024 with a 2% increase in production and a substantial $97 million returned to shareholders through buybacks and dividends. Capital discipline and a strong oil-weighted pad in the Eagle Ford contributed to $181 million in free cash flow for the quarter. The company is on track to generate an estimated $700 million in free cash flow for the year, aiming to balance debt reduction and shareholder returns.
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