Baytex Energy Corp T.BTE

stock cannot go too unless oil does.

[taxman26]

think about it if oil remains at 75 and bte goes to $3 Cad

there will be a hostile bid. buy all stock at $4 cancel merger, pay break price, stock is worth more on sale of assets or cash flow.

This is hedge funds ( ROCC owners?) locking in their potential profit by selling future 7.5 bte stock.

weak oil does not help. driving season is upon us before deal closes. so likely both stocks increase with oil but parity will be arbed regardless until no more stock left to short.

[HighOctane89]

Wrong , wrong , wrong ..... increasing debt in a rising rate environment is stupidity personified as the market is trying to tell Greager . Unfortunately for shareholders , Greager's ego is more important than their investment .  

[Greenday]

@ HO89 - Are we talking about a CEO's ego or are we talking about a structural problem in the Canadian economy because of poor government policies? The economic situation is such that people need to lose their jobs or that more people need to migrate to Canada to compete for jobs to cool down the rate of inflation.   Another way to cool inflation is to improve the productivity of

[Cobalt]

We need alot of immigration and child care but no way the red tribe lets that happen

[HighOctane89]

No question Greenday , left wing politics have caused this inflation while choking the O&G industry but as far as Greager goes , what else would you call it but ego ?  Everyone was onboard with retiring debt and reducing the shares outstanding , Greager is the only one who thinks this deal is a smart move .