Baytex Energy (TSX:BTE) is piquing the interest of value investors after securing an exemption order from Canadian securities regulators, which allows the company to purchase up to 10 per cent of its public float of common shares on the U.S. market.
The exemption doubles the percentage of outstanding shares the company is able to purchase under its current normal course issuer bid announced on June 23, 2023, and any subsequent bids until Aug. 1, 2025.
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