Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil Prices

Baytex assumed a negative US$14.50 WCS differential for full-year 2024. This would require the last eight months of 2024 to have an average differential of negative US$12.39, which appears to be reasonable to me. Updated 2024 Outlook zhengzaishuru Baytex Energy (NYSE:BTE) (TSX:BTE:CA) reported solid Q1 2024 results that were in-line with expectations and left its full-year guidance unchanged. Baytex is now benefiting from the completion of the Trans Mountain Pipeline expansion, which has reduced the WCS dif ...