Baytex Energy ( (TSE:BTE) ) just unveiled an update.
Gibson Energy Inc. and Baytex Energy Corp. have announced a strategic partnership to develop infrastructure in the Pembina Duvernay region. This agreement, which includes a long-term take-or-pay arrangement, will see Gibson invest $50 million to expand its liquids infrastructure, supporting Baytex’s asset development and providing enhanced market access. The collaboration is expected to drive mutual long-term value and potentially expand further, benefiting both companies’ operations and stakeholders.
More about Baytex Energy
Baytex Energy Corp. operates in the energy sector, focusing on the development and production of oil and gas assets. The company is actively engaged in the Pembina Duvernay region, aiming to enhance its market access and operational efficiency.
YTD Price Performance: -26.42%
Average Trading Volume: 28,107,826
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.52B
See more data about BTE stock on TipRanks’ Stock Analysis page.