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

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Post by Canoutchieon Mar 11, 2023 8:39am

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Post# 35332328

Grant of Rights, Exercised for Cash

Yesterday on the SEDI insider trading data, there were a whole bunch of insider trades that look like some sort of selling. For each individual it was labeled "grant of rights" and "exercised for cash"

Can somebody tell me what this means? As I'm not a professional trader, but I've been trying to do some due diligence on Baytex, and a review of recent insider trading activity is part of that due diligence.

For disclosure, I own some Suncor, Whitecap, Meg and Peyto, but I'm trying to figure out whether it's worthwhile to perhaps shift a portion of my oil & gas over to Baytex.

Thanks

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