Core Viewpoint - Baytex Energy Corp. is experiencing a significant stock performance boost following its decision to exit the US market by divesting its assets for $2.3 billion, allowing the company to focus on its Canadian operations. Group 1: Stock Performance - Baytex Energy's stock has extended its winning streak to six consecutive days, reaching a nearly one-year high [1] - During trading, the stock peaked at $3.10 before closing at $3.03, reflecting a 13.48 percent increase [1] Group 2: Business Strategy - The company has signed a definitive agreement for the sale of its US Eagle Ford assets to an undisclosed buyer, aiming to concentrate on the more robust Canadian market [2] - Baytex's President and CEO, Eric Greager, emphasized that monetizing the US assets will strengthen the balance sheet and enhance capital allocation to high-return opportunities [3] Group 3: Financial Implications - The transaction is expected to be completed by late 2025 or early 2026, pending regulatory approvals [4] - Upon closing, Baytex anticipates returning to a net cash position, with part of the proceeds allocated to repaying outstanding credit facilities and notes due in 2030 [4]