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Baytex Energy cutting capital spending, ending dividend payouts to preserve cash

2015-08-21 19:15:41| Energy - Topix.net

Baytex Energy Corp. says it's taking "difficult but necessary steps" to get past current low commodity prices, including a reduced capital program and the suspension of its monthly dividend. The Calgary-based company says it will stop drilling in the Peace River and Lloydminster areas in Western Canada for the rest of this year and also look for further cost reductions in Texas, where it's involved in the Eagle Ford play.

Tags: capital energy cash ending

 

Baytex Closes Senior Notes

2014-06-06 17:42:00| OGI

The notes had an aggregate principal amount of US$800 million, Baytex said.

Tags: notes senior closes senior notes

 
 

Aurora Shareholders Approve Baytex Buyout

2014-05-22 16:36:00| OGI

Aurora will now apply to the Federal Court of Australia for orders approving the transaction at a hearing set for May 26.

Tags: approve shareholders aurora buyout

 

Baytex Upsizes Offer For Aurora Deal A Week Before Stockholder Vote

2014-05-15 08:58:00| OGI

Baytex is also dangling a 9% dividend increase in front of Aurora shareholders.

Tags: week offer deal vote

 

Calgary's Baytex Energy increases its bid for Australian-based Aurora Oil & Gas

2014-05-14 03:15:14| Energy - Topix.net

Baytex Energy Corp. is increasing its offer to acquire Australia's Aurora Oil & Gas Ltd. to roughly $2.67 billion, including $744 million in debt.

Tags: energy gas oil bid

 

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