August 12, 2010 / 1:57 PM / in 7 years

UPDATE 1-Baytex Energy Q2 FFO rises; raises FY10 production view

* Q2 FFO/unit C$0.95 vs C$0.81 last year

* Raises FY10 production view

* Sees FY10 production 44,000-44,500 boe/d

Aug 12 (Reuters) - Canadian heavy oil producer Baytex Energy Trust BTE_u.TO posted higher quarterly funds from operations (FFO) helped by an increase in production, and raised its full-year production view.

The Calgary, Alberta-based trust now expects 2010 average production to be 44,000-44,500 barrels of oil equivalent per day (boe/d), up from its prior view of 44,000 boe/d.

Funds from operations in the second quarter came in at C$109.1 million, or 95 Canadian cents per unit, up from C$86.7 million, or 81 Canadian cents per unit, last year.

The trust produced 44,104 boe/d in the quarter, up 9 percent from last year.

Net income rose to C$33 million, or 29 Canadian cents per unit, from C$27.5 million, or 26 Canadian cents per unit, last year.

Petroleum and natural gas sales rose 25 percent to C$241.6 million.

Units of the trust, which have risen 6 percent in the past three months, were down 26 Canadian cents at C$33.29 during morning trade on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Jarshad Kakkrakandy) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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