Announced its 2026 budget, three-year outlook, executive appointment and Board of Director changes. 2026 capital budget of $550 to $625 million, targeting 3% to 5% production growth and prioritizing meaningful shareholder returns. Improved sustaining breakeven price of US$52/bbl and strong liquidity position. Significant portion of Eagle Ford sale proceeds to be returned to shareholders; NCIB to resume, SIB under consideration, and annual dividend expected to be maintained. Updated $750-million credit facility extends maturity to 2030. Baytex Energy Corp. shares T.BTE are trading unchanged at $4.29.
Stocks in play: Baytex Energy Corp.
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