The
It says about 5,000 bpd of heavy oil production is expected to remain off-line in the second half of the year.
The company says it is not restoring its 2020 capital spending plan, leaving it at between
Baytex revised its full-year production guidance to a mid-point of 80,000 barrels of oil equivalent per day, up from 72,000 boe/d.
It says second quarter output will average between 72,000 and 73,000 boe/d.
"As the global supply and demand picture continues to unfold, crude oil prices have strengthened from their lows in April and we are now starting to benefit from the steps we have taken," said CEO
"At current commodity prices, we expect to generate positive free cash flow over the remainder of 2020 and maintain over
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