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Baytex Energy Reports Fourth Quarter Results; Reaffirms 2020 Plan
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Baytex Energy Corp. reports its operating and financial results for the three months and year ended December 31, 2019 (all amounts are in Canadian dollars unless otherwise noted).
Ed LaFehr, President and Chief Executive Officer said: "2019 was an exceptional year with $1 billion EBITDA, $329 million of free cash flow and a 17% reduction in net debt. During the first quarter of 2020, we enhanced our long-term note maturity schedule and extended the term of our revolving credit facilities to 2024. Our operations continue to perform well with strong capital efficiencies in each of our core properties (Eagle Ford, Viking and Heavy Oil). Together, these measures give us confidence and significant flexibility to execute our business plan to continue driving free cash flow and strengthening our…
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