Baytex Energy Corp. (TSX:BTE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 70,112,570 common shares, representing 8.68% of its issued share capital.

The repurchased shares will be cancelled. The bid will terminate on July 1, 2025, or such earlier time as the program is completed or terminated at the option of the company. As of June 18, 2024, the company had 808,045,238 common shares outstanding.