BAYTEX ENERGY CORP

Ticker: BTE CUSIP: 07317Q105 Class: COM

SeaBridge Investment Advisors LLC's Holding History (CIK: 0001304229)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 96,540 Value ($000) $3,655 Avg Close $37.50 Range $33.39 - $40.75

Q2 2014

Shares 82,165 Value ($000) $3,792 Avg Close $36.91 Range $35.21 - $40.61

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	96,540	$3,655	$37.50	$33.39 - $40.75
Q2 2014	82,165	$3,792	$36.91	$35.21 - $40.61