Ranger Acquisition Adds Quality Eagle Ford Scale
FORWARD LOOKING STATEMENTS ADVISORY (CONT.)
These forward-looking statements are based on certain key assumptions regarding, among other things: our ability to successfully integrate the acquired business into our existing
operations; the ability of the combined business to realize the anticipated benefits of the Merger; that the Baytex Board of Directors will declare the expected dividend; petroleum and
natural gas prices and differentials between light, medium and heavy oil prices; well production rates and reserve volumes; our ability to add production and reserves through our
exploration and development activities; the future impact of wildfires on our production; that our core assets have more than 10 years development inventory at the current pace of
development; capital expenditure levels; our ability to borrow under our credit agreements; the receipt, in a timely manner, of regulatory and other required approvals for our operating
activities; the receipt, in a timely manner, of approval of the NCIB by the TSX; the availability and cost of labour and other industry services, including operating and transportation
costs; interest and foreign exchange rates; the continuance of existing and, in certain circumstances, proposed tax and royalty regimes; our hedging program; our ability to develop
our crude oil and natural gas properties in the manner currently contemplated; and current industry conditions, laws and regulations continuing in effect (or, where changes are
proposed, such changes being adopted as anticipated). Readers are cautioned that such assumptions, although considered reasonable by Baytex at the time of preparation, may
prove to be incorrect.
Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Such factors indude, but
are not limited to: risks relating to any unforeseen liabilities of Baytex and Ranger; that the anticipated benefits of the acquisition of Ranger are not achieved; that the acquisition of
Ranger fails to result in the anticipated benefits; that the Baytex Board of Directors determines not to dedare the expected dividend; that the TSX determines not to approve the
NCIB; that Baytex fails to meet its guidance; the volatility of oil and natural gas prices and price differentials (including the impacts of Covid-19); risks related to ongoing wildfires;
restrictions or costs imposed by dimate change initiatives and the physical risks of climate change; risks associated with our ability to develop our properties and add reserves; the
impact of an energy transition on demand for petroleum productions; changes in income tax or other laws or government incentive programs; availability and cost of gathering,
processing and pipeline systems; retaining or replacing our leadership and key personnel; the availability and cost of capital or borrowing; risks associated with a third-party operating
our Eagle Ford properties; risks associated with large projects; costs to develop and operate our properties, induding transportation costs; public perception and its influence on the
regulatory regime; current or future control, legislation or regulations; new regulations on hydraulic fracturing; restrictions on or access to water or other fluids; regulations regarding
the disposal of fluids; risks associated with our hedging activities; variations in interest rates and foreign exchange rates; uncertainties associated with estimating oil and natural gas
reserves; our inability to fully insure against all risks; additional risks associated with our thermal heavy oil projects; our ability to compete with other organizations in the oil and gas
industry; risks associated with our use of information technology systems; results of litigation; that our credit facilities may not provide sufficient liquidity or may not be renewed; failure
to comply with the covenants in our debt agreements; risks of counterparty default; the impact of Indigenous claims; risks associated with expansion into new activities; risks
associated with the ownership of our securities, including changes in market-based factors; risks for United States and other non-resident shareholders, including the ability to
enforce civil remedies, differing practices for reporting reserves and production, additional taxation applicable to non-residents and foreign exchange risk; and other factors, many of
which are beyond our control.
BAYTEX ENERGY NYSE TSX BTE
28View entire presentation