Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. 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. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp

Bullboard Posts

Comment by uahubon Jun 18, 2018 5:00pm

400 Views

Post# 28188314

RE:Let's Play The 1.36 RATIO Game On BTE & RRX !!!

Game played. I shorted 13600 bte and bought 10000 rrx today, if:
deal go through, then shares cancelled each other, I kept the difference.
deal fall apart, well, I dont know, still hedged somehow. I suspect bte may not gain as much as rrx because this deal clear shows the bte management is agressive. Reducing leverage doesnt seem to be the #1 priority, which the market doesnt like.
I hope this works, the gap needs to be narrowed to the 1.36X, but there might be uncertainties because market is always right.

Bullboard Posts

This junior mining stock offers billions in market exposure