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Baytex chair Mark Bly says by sharpening the company's focus on its core ºÃÉ«tv assets it has a solid foundation to drive growth and capitalize on new opportunities.

Once the deal is complete, Baytex says it will focus on being a ºÃÉ«tv energy producer with heavy oil operations in the Peavine and Peace River regions in Alberta and the Lloydminster area in Alberta and Saskatchewan. It also has light oil operations in the Pembina Duvernay region in Alberta and in the Viking area in Saskatchewan and Alberta. 

The transaction is expected to close in late 2025 or early 2026, subject to customary closing conditions and regulatory approvals.

Baytex shares were up 37 cents at $4.11 in early trading on the Toronto Stock Exchange.

This report by ºÃÉ«tvwas first published Nov. 12, 2025.

Companies in this story: (TSX:BTE)