Baytex Announces Renewal of Normal Course Issuer Bid
Baytex Energy received TSX acceptance to renew its Normal Course Issuer Bid, authorizing the repurchase of up to 70,899,359 common shares, representing 10% of its public float, for the 12-month period beginning July 2, 2026. The company repurchased 56,372,803 shares under its prior NCIB at a weighted-average price of CAD $5.38, representing significant utilization of the previous 10% authorization.
Key figures
- Tsx adtv
- 6839053
- Shares outstanding
- 712593536
- Daily purchase limit
- 1709763
- Ncib shares authorized
- 70899359
- Ncib percentage of float
- 10%
- Prior ncib authorization
- 66244464
- Prior ncib shares repurchased
- 56372803
- Prior ncib weighted avg price cad
- $5.38
AI analysis
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