Toronto, August 21, 2015 -- Moody's Investors Service, (Moody's) views Baytex Energy Corp.'s (Baytex) announced dividend suspension, and reduced 2015 and 2016 capital program as credit positive. This will keep production guidance (net of royalties) between 65,000 to 67,000 boe/d and allow Baytex to be in a largely breakeven free cash flow position in the second half of 2015 and full year 2016, maintaining balance sheet strength.
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