• Baytex Energy Corp.
  • BTE (TSX)
  • Baytex Energy Corp.
  • BTE (NYSE)
  • Baytex Energy Corp.
Baytex Energy Corp.

Baytex Vision


Our vision is to be a top tier North American oil producer focused on per share value creation.

Disciplined growth and return of capital to shareholders

  • Target 10-15% annual total return to shareholders
  • Self funded business model focused on per share growth
  • Target net debt to adjusted funds flow ratio of < 1.5x
  • Consider share buyback and/or reinstating dividend at the appropriate time

Build on strong asset quality

  • Liquids weighting > 80%
  • Operated production > 80%
  • Long-term decline rate < 30%
  • Target accretive acquisitions
  • Focus on "next play" capture