Baytex Energy NYSE: BTE reported a stronger-than-expected first quarter and raised its 2026 production outlook, citing outperformance across its heavy oil portfolio and continued development in the Duvernay. President and Chief Executive Officer Chad Lundberg, speaking on his first earnings call in the role, said production averaged 69,500 barrels of oil equivalent per day in the first quarter, above the high end of the company's guidance. Oil and natural gas liquids represented 88% of the production mix, a ...