Baytex Energy Charts Cautious Course for 2025 Amid Market Volatility Baytex Energy’s latest investor update signals a more conservative production outlook for 2025, targeting around 148,000 boe/d and emphasizing operational efficiency. After a strong Q3 2024, the company will focus on disciplined capital allocation, debt reduction, and shareholder returns, reflecting sensitivity to oil price fluctuations and ongoing market uncertainty.2