Baytex announces renewal of normal course issuer bid

Calgary, alberta--(newsfile corp. - june 23, 2023) - baytex energy corp. (tsx: bte) (nyse: bte) ("baytex" or the "company") is pleased to announce that the toronto stock exchange ("tsx") has accepted the company's notice of intention to renew its normal course issuer bid ("ncib") to purchase up to 68,417,028 common shares during the 12-month period commencing june 29, 2023 and ending june 28, 2024 or such earlier time as the ncib is completed or terminated at the option of baytex. baytex's intention to renew its share buyback program is based on the strength of our balance sheet and our desire to offer direct shareholder returns.
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