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.

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Baytex Energy Corp > Buybacks….

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Comment by HighOctane89on Sep 19, 2022 4:53pm

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RE:RE:RE:RE:RE:RE:RE:Buybacks….

They are both valid options for shrinking the shares outstanding , each option has its place in the strategy depending on the circumstances .

jleer42 wrote: Agreed, but that is also, in part, due to the unsuitability of purchasing these large blocks via NCIB's.

Very rarely have companies exceeded the annual 10% limit of NCIB's. As O&G shareholder returns continue without a SP re-rating I expect annual NCIB's will be fully used and some companies will utilize SIB's to continue share repurchases. This is just my opinion, I haven't seen anything else to support it.

HighOctane89 wrote: Technically you are right jleer but generally it is used to keep big blocks from distorting daily trading . An SIB allows for an offer to purchase but I think the NCIB lets a company more effectively pick up the homeless shares that get passed around in daily trading and thus positively effect price .