Baytex Energy Corp (BTE) Price

Baytex Energy Surges 60% After C$3.25B Asset Sale

Baytex Energy's stock has risen over 60% to a new 52-week high of $3.32 following a strategic decision to sell its Eagle Ford assets for C$3.25 billion. This move pivots the company's focus to its high-return Canadian operations, significantly strengthening its balance sheet and improving cash flow generation.