By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
The acquisition of Burmis Energy Trust and record heavy oil pricing boosted second quarter cash flow for Calgary-based Baytex Energy Trust. Analyst Kristopher Zack of Raymond James said: They were bang on our line. They delivered $125 million worth of cash flow and our estimate was $126 million. For more information, click here For information [...]
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