Baytex Energy Corp. (TSE:BTE) has released an update.
Baytex Energy Corp. has received regulatory exemption allowing it to buy back up to 10% of its public float through U.S. Markets, doubling the previous limit of 5%. This exemption, effective until August 1, 2025, aims to enhance shareholder returns and applies to the existing buyback program and any future ones, while adhering to specified trading rules and price conditions. Baytex is a Calgary-based energy company involved in oil and gas production in Canada and the U.S., with shares listed on both the Toronto and New York Stock Exchanges.
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