Baytex Energy (BTE) is working with advisers to gauge interest in its Eagle Ford shale operations, which could sell for up to $3B, David Carnevali and Dinesh Nair of Bloomberg reports, citing people familiar with the matter. The company expanded its Eagle Ford exposure just two years ago with the acquisition of Ranger Oil, Bloomberg notes. The sale of its U.S. operations would allow Baytex on its Canadian assets. Shares of Baytex are up 4% to $2.68 following the report.
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