Baytex Power Corp. (NYSE:BTE) is without doubt one of the low cost penny shares to purchase now. On June 27, Baytex Power introduced that it had acquired robust assist from its lending syndicate for the extension of its financial institution credit score amenities.
The corporate’s $1.1 billion revolving credit score amenities have been prolonged by one yr from the sooner anticipated Might 2028 to June 2029. Moreover, the revolving credit score amenities usually are not borrowing base amenities, and, subsequently, don’t require annual or semi-annual critiques.
An oil platform within the sea, illuminated by a sundown, exhibiting the businesses energy.
This offers Baytex with versatile and steady monetary administration. Baytex is headquartered in Calgary, Alberta, however its essential working areas are inside the Western Canadian Sedimentary Basin and the Eagle Ford within the US.
Baytex Power Corp. (NYSE:BTE) is an vitality firm that acquires, develops, and produces crude oil & pure gasoline.
Whereas we acknowledge the potential of BTE as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back threat. For those who’re searching for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
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Disclosure: None. This text is initially revealed at Insider Monkey.
