Your task is to find a newspaper article about a corporation undertaking or considering a capital...

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Finance

Your task is to find a newspaper article about a corporationundertaking or considering a capital budgeting project.
Prompt include a brief summary of whatyou read, a discussion of why you chose this example, and ananalysis of whether you think the company is making the rightdecision. In addition, please attach or provide a link to thearticle you have chosen for your initial post. minimum 300words

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About the company Baytex Energy Corp is an oil and gas corporation based in Calgary Alberta The company is engaged in the acquisition development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States Approximately 84 of Baytexs production is weighted toward crude oil and natural gas liquids Baytexs common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE Baytex Energy Corp Baytex TSX NYSE BTE has made an announcement that its Board of Directors has approved a 2020 capital budget of 500 to 575 million has been designed to generate average annual production of 93000 to 97000 The Board of Directors is also pleased to announce the appointment of Mark Bly as a new See Answer

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Your task is to find a newspaper article about a corporationundertaking or considering a capital budgeting project.Prompt include a brief summary of whatyou read, a discussion of why you chose this example, and ananalysis of whether you think the company is making the rightdecision. In addition, please attach or provide a link to thearticle you have chosen for your initial post. minimum 300words