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Baytex Energy Corp (BTE.TO)

BTE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Baytex Energy Corp announces $500 mln bought deal financing
Wednesday, 11 Mar 2015 04:49pm EDT 

Baytex Energy Corp:Enters into an agreement to sell 28,820,000 common shares at $17.35 per share to raise gross proceeds of about $500 mln on a bought deal basis.Says the issue will be made through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets.Says net proceeds will be used to reduce bank indebtedness, increase working capital and fund ongoing capital expenditures.Expected to close on or about April 2.Maximum gross proceeds that will be raised under the Offering will be $575 mln should the over-allotment option be exercised in full.  Full Article

Baytex Energy Corp reaffirms FY 2015 production outlook
Thursday, 5 Mar 2015 07:30am EST 

Baytex Energy Corp:Says FY 2015 production guidance remains at 84,000 to 88,000 boe/d.  Full Article

Baytex Energy Corp lowers previous issued FY 2015 production guidance
Thursday, 19 Feb 2015 05:15pm EST 

Baytex Energy Corp:Expects FY 2015 to generate average production of 84,000 to 88,000 boe/d versus a previous range of 88,000 to 92,000 boe/d.  Full Article

Genalta Power and Baytex Energy Corp announce activation of first phase in 20MW gas conservation power project
Thursday, 19 Feb 2015 10:00am EST 

Genalta Power Inc:Says completion of first phase of its Three Creeks project, part of Peace River Power Centre, in conjunction with Baytex Energy Corp.Electrical power generating facility is located near Baytex's Three Creeks Field in the Peace River region of northern Alberta.Says new facility is designed to conserve solution gas in area, while providing new source of low emissions electricity into Alberta's power grid.This is Genalta's fourth gas conservation project and the second in conjunction with Baytex.  Full Article

Baytex Energy Corp confirms monthly dividend for February
Tuesday, 17 Feb 2015 05:15pm EST 

Baytex Energy Corp:Says a cash dividend of $0.10 per common share in respect of February operations.Payable on March 13 to shareholders of record on Feb. 27.Ex-dividend date is Feb. 25.  Full Article

Baytex Energy Corp confirms monthly dividend for Jan. at $0.10 per share
Thursday, 15 Jan 2015 05:15pm EST 

Baytex Energy Corp:Says cash dividend of $0.10 per common share in respect of Jan. operations will be paid on Feb. 13, 2015 to shareholders of record on Jan. 30, 2015.Ex-dividend date is Jan. 28, 2015.  Full Article

Baytex Energy Corp confirms monthly dividend for Dec. at $0.10 per share
Monday, 15 Dec 2014 05:15pm EST 

Baytex Energy Corp:Announces a cash dividend of $0.10 per common share in respect of Dec. operations will be paid on Jan. 15, 2015.Says payable to shareholders of record on Dec. 31, 2014.Says the ex-dividend date is Dec. 29, 2014.  Full Article

Baytex Energy Corp announces change to dividends
Monday, 8 Dec 2014 10:30pm EST 

Baytex Energy Corp:Says that it has approved a revised dividend level of $0.10 per share per month, down from $0.24 per share per month.  Full Article

Baytex Energy Corp confirms monthly dividend for November at $0.24 per share
Monday, 17 Nov 2014 05:15pm EST 

Baytex Energy Corp:Reports a cash dividend of $0.24 per common share in respect of November operations.Will be paid on Dec. 15 to shareholders of record on Nov. 28.Ex-dividend date is Nov. 26 for Canadian shareholders and Nov. 25 for United States shareholders.The U.S. dollar equivalent dividend amount is about USD0.2125 per share assuming a foreign exchange rate of $0.8854 USD/CAD.  Full Article

Baytex Energy announces receipt of proposal letter from the Canada Revenue Agency
Tuesday, 4 Nov 2014 05:47pm EST 

Baytex Energy Corp:Says certain of its indirect subsidiaries have received a letter from the Canada Revenue Agency (CRA) advising that the CRA is proposing to reassess those subsidiaries to deny non-capital loss deductions relevant to the calculation of income taxes for the years 2011 through 2013.Says acquired several private entities with accumulated non-capital losses of $591 mln.Says proposed reassessments seek to disallow the deduction of these non-capital losses under the general anti-avoidance rule of the Income Tax Act (Canada).Says If the non-capital losses that have been claimed to date were ultimately disallowed.Says it is expected to result in an estimated liability for the previous taxation years of $57 mln and a reduction of $262 mln of non-capital losses which could otherwise be available to reduce income taxes in subsequent taxation years.Says it will vigorously defend its tax filing position.Says is preparing a response to the Proposal Letter and failing a resolution of the matter, the CRA then may proceed to issue notices of reassessment.  Full Article

BRIEF-Baytex Energy natgas supply agreement with unit of Kineticor Resources

* Multi-Year natural gas supply agreement with a subsidiary of Kineticor Resources Corp