DividendsThe company reported a Q1 beat and increased its dividend by 3%.
Exploration PotentialBaytex has some of the top wells in the Clearwater formation, combined with strong Duvernay results and a heavy oil fairway ripe for multi-lateral exploration, providing plenty of upside potential.
Operational EfficiencyThe company plans to bring on 50 net wells in the Eagle Ford during the year and expects to see a 7% improvement in opex costs compared to previous years.