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Baytex Energy Corp. Message Board

  • ch4_tycoon ch4_tycoon May 12, 2009 9:36 AM Flag

    Distribution looks secure for now...

    From this Q's release:

    "Total cash distributions in the quarter of $34.9 million, or $0.42 per unit, represented a payout ratio of 59% net of distribution reinvestment plan ("DRIP") participation (69% before DRIP). In order to conserve our financial liquidity, and to better match our distribution levels with the prevailing commodity price, we reduced our monthly distribution from $0.18 to $0.12 per unit in respect of February 2009 operations. At the current commodity price outlook, we expect to be able to fully fund this adjusted distribution level along with our capital expenditure program from our internally generated cash flow."

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