Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Why Are Baytex Energy Shares Trading Higher Today

TSX Clearwater National Bank
  • Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) has been upgraded to Outperform from Sector Perform, and the price target was raised to C$8.75 from C$6.50 by National Bank analyst Dan Payne.         
  • Payne attributed the upgrade to the outsized return potential represented within its Clearwater project acreage.
  • The analyst believes the project will expand ahead of suggested expectations.
  • Baytex Energy’s Q4 results published in February stated that it had drilled four of the top five wells in the Clearwater play, with two most recent wells at Peavine generating 30-day initial production rates of 921 bbl/d and 815 bbl/d, respectively.
  • Price Action: BTE shares are trading higher by 7.89% on TSX at C$6.29 and BTEGF higher by 7.53% at $5.00 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Squid Game creator says he changed the ending of the Netflix show halfway through: "This is not where the story should be headed"
He also explains why it has to end with season 3
Total Film
Total Film
The New 'Alien' TV Show Just Pulled a Clever Canon Trick
'Alien: Earth' is keeping the origin of the creatures familiar, allowing fans to focus on scares rather than math.
Inverse
Inverse
The Simpsons Hit & Run has quietly been the arena for an incredible 10-year speedrunning gauntlet, dominated by one runner who broke 45 records in a row
He's a lean, green speed-thingy
GamesRadar
GamesRadar
Squid Game season 2's star Lee Jung-jae says he felt "horror" stepping back into the arena on the Netflix show: "It's a kind of feeling that I would never forget in my life"
The actor says he had "mixed feelings" about returning
Total Film
Total Film
Squid Game creator addresses rumors of David Fincher's English-language Netflix spin-off, saying if it were to happen, he'd be excited to see it "as a fan"
Hwang Dong-hyuk hasn't heard anything official
Total Film
Total Film
“My solos are more like rolling scales than the call-and-response of blues riffs... I used to analyze the progression. If I didn’t like what was available, I’d play as weird as possible”: How Randy Rhoads reinvented classical guitar for metal
Applying classical training to the service of heavy metal, Rhoads was the generational guitar talent that helped launch Ozzy Osbourne's solo career
Guitar World
Guitar World
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play