Investor Relations

Baytex manages its exposure to a variety of risks arising directly or indirectly in the conduct of its business, including commodity prices, foreign exchange rates and interest rates.  Pursuant to its Risk Management Policy, management of Baytex is authorized by its Board of Directors to enter into transactions covering, in aggregate, up to 60% of its net exposure to the risk being managed. Transactions in excess of this level must be pre-authorized by the Board of Directors. In addition, Baytex actively employs risk mitigation strategies to maximize the profitability of its heavy oil production, including an expanded use of crude by rail which allows us to deliver our heavy oil to higher netback markets.