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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

Comment by riskion Jun 23, 2023 3:24pm
208 Views
Post# 35511914

RE:RE:Great to see...

RE:RE:Great to see...Yes, they sold them before closing to avoid the lockup. The shares being tendered are Juniper's, sold to an investment bank and now being sold into the market by this intermediary.

Transaction date is June 20...

uwebb429 wrote: Juniper cannot start selling their new BTE shares for three months. This is part of the agreement they signed. The document you found is just paper work to get the Ranger shares off of Juniper's books since Ranger shares can no longer be traded. They have no value any more. The transaction shows .01 per share which is meaningless. 

Lock-Up Period At closing, Baytex will enter into a hold period agreement with Juniper. Of the Baytex shares issued to Juniper, one-third will be subject to a three-month escrow period, one-third will be subject to a six-month escrow period and one-third will be subject to a nine-month escrow period.



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