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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Bullboard Posts
Comment by Boulteron Sep 21, 2018 9:48am
54 Views
Post# 28663014

RE:Shareholders were sheep, BTE took them to the butcher.

RE:Shareholders were sheep, BTE took them to the butcher.
RagingBull3 wrote: Sheep were happy to go.  I think they voted 90% and 80%.

It takes 2 minutes to look at the financial books.   BTE equity was about twice that of RRX.  BTE production was about twice that of RRX.    But RRX shareholders ended up owning over half of the company.

When the merger was announced, share price took a dive, for both companies.   That should have been your first clue.   

But people are sheep,  many still think the merger was good.  

All just my opinion.  


You may be right in your assessment.  However it is all history.  The merger.  What one paid for BTE in the past.  One's ACB.  The only question that matters is "Is BTE a reasonable investment today at ~3.50/share?  I asked this qiestion of OSB when it was under $12.  I asked it of MX when it was $8.  I asked it of BBD.B at $0.97 and $1.15.  I asked it of TECK.B at $5.  I asked it of ECA at numbers that don't come to mind now, but which made me a fortune.  I have gotten very wealthy asking this question on a regular basis of all my "losers".

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