Bullboard - Stock Discussion Forum 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... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > BTE To be added to the S P/TSX Composite Index

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Post by jdmecomber on Nov 25, 2021 5:39pm

BTE To be added to the S P/TSX Composite Index

ATB Capital Markets expects eight Calgary oilpatch companies will be added to the key S&P/TSX Composite Index in the December rebalancing. The bank predicted in a Tuesday research note that index provider S&P Global Inc. will add Advantage Energy Ltd., Baytex Energy Corp., Freehold Royalties Ltd., Paramount Resources Ltd., Peyto Exploration and Development Corp., Secure Energy Services Inc., Tamarack Valley Energy Ltd. and Topaz Energy Corp. to the key index next month.

The bank believes the addition to the S&P/TSX Composite Index will boost demand for a company’s stock by 5.5 per cent of its total float, while addition to the MSCI Global Standard Index will boost demand by 3 per cent.

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Comment by BayStreetWolfTO on Nov 25, 2021 5:59pm

Also note the large short position in Baytex over 20 million shares. I would note want to be short with all the things coming in December. The egg timer is going.....

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