RE:RE:RE:RE:Juniper Shares Juniper can sell their second tranche. The early warning for sale was made Sept 19. My guess is Juniper will not sell due to the low price of BTE. Which is surprising since Juniper's BTE value is about $459M (102M x 4.5) and Juniper capital is worth $1.5B (per their website). And Juniper would not like to have to be regulated as an insider.
I would have thought Juniper would at least sell 2-3% to get under the 10%. Guess Juniper believes BTE is grossly under valued. And time of year is bad to sell. They will wait until the new year.
EARLY WARNING REPORTING – DISPOSITION OF SHARES OF BAYTEX ENERGY CORP. HOUSTON, TEXAS – September 19, 2023 – Juniper Capital Advisors, L.P. (“Juniper”) announces that on September 18, 2023,
Settlement of the Block Trade is expected to occur on September 20, 2023.
Juniper will have beneficial ownership, and control or direction over, 102,322,662 common shares in the aggregate, representing approximately 11.9% of the common shares issued and outstanding, comprised of (i) 26,994,664 common shares held directly by RCR, (ii) 74,186,665 common shares held directly by JSTX and (iii) 1,141,333 common shares held directly by Juniper GP III.