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Packaging Corporation of
Baytex Energy Trust (USA) (NYSE:BTE) climbs up 5.74% to $27.26 after the company announced that production is projected to be basically flat at fourth quarter 2009 levels of approximately 42,500 to 43,000 boe/d during the early part of 2010 and to reach approximately 44,500 boe/d by the end of fiscal 2010. Fiscal 2010 production mix is forecast to be approximately 63% heavy oil, 17% light oil and natural gas liquids, and 20% natural gas. The Company also announced that its Board of Directors has approved a distribution level of $0.18 per unit per month, an increase of 50% from the current level of $0.12 per unit per month.
InterOil Corporation (
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