Baytex Q4 Profit Doubles on Higher Output

- March 8th, 2011

Reuters reports that Baytex Energy Co’s (TSE:BTE) quarterly profit has more than doubled due to higher production and oil prices.

Reuters reports that Baytex Energy Co’s (TSX:BTE) quarterly profit has more than doubled due to higher production and oil prices.

The market news is quoted as saying:

Baytex, which is engaged in exploration and production of oil and natural gas in British Columbia, Alberta, Saskatchewan and in the United States, said petroleum and natural gas sales for the quarter grew 10 percent to C$263.5 million.

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