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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Baytex Energy Corp > Can a Canadian company buy back all its shares?

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Post by jdmecomber on Feb 28, 2022 1:31pm

Can a Canadian company buy back all its shares?

Is a Canadian company allowed to buy back all its shares?

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Comment by BayStreetWolfTO on Feb 28, 2022 1:40pm

In short yes....here is the detail..... When a company repurchases its own shares it's called a share (or stock) buyback. Companies have two options when they want to buy back shares: 1. Most commonly, a company will repurchase its shares in the open market, just like how you as an investor would buy shares. In Canada, a buyback in the open market is known as a normal course ...more

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Comment by CoachAmI on Feb 28, 2022 1:49pm

When can the buy-back start? Do they have to wait a certain amount of days after the announcement or have they started already?

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Comment by BayStreetWolfTO on Feb 28, 2022 1:56pm

Most of the questions are answered in this doc https://www.tsx.com/resource/en/447 They can proceed once the application is approved by the TSX. They just need to follow the procedures as outline and of course complete the reporting portion.

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