- Baytex Energy (TSX:BTE), an outperforming Canadian energy stock, unveiled its robust 2024 budget and five-year outlook marked by significant free cash flow generation
- The company expects to grow free cash flow by 90 per cent from 2024 to 2028 while cutting its debt by more than half
- Baytex Energy Corp. is an energy company acquiring, developing and producing crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States
- Baytex Energy stock (TSX:BTE) has lost 23.71 per cent year-over-year, but has managed a 90.73 per cent return since 2018, handily outperforming the TSX’s 37.72 per cent return over the period
Baytex Energy (TSX:BTE), an outperforming Canadian energy stock, unveiled its robust 2024 budget and five-year outlook marked by significant free cash flow generation.
2024 budget highlights
- Free cash flow of C$530 million, with 50…
