Baytex Energy (BTE.TO) Sells Eagle Ford Assets for US$2.305 Billion; Stock Jumps After CIRO Halt — Nov. 12, 2025
Baytex Energy will sell its entire U.S. Eagle Ford business for US$2.305 billion in cash to an undisclosed buyer. The company plans to repay debt and boost shareholder returns, shifting focus to Canadian oil assets. Trading in Baytex shares was briefly halted before rising on the Toronto Stock Exchange. Deal closing is expected in late 2025 or early 2026, pending approvals.