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

Add To Watchlist

TSX:BTE - Post Discussion

Baytex Energy Corp > First tranche of Juniper BTE shares is done.

View:

Post by WaterDPlants on Sep 19, 2023 9:56am

First tranche of Juniper BTE shares is done.

Price change has nothing to do with events today. Fall in price is due to negotiated price with hedge funds. Hedge funds selling some shares to lock in profit. One overhang is done.

HOUSTON, Sept. 19, 2023 /CNW/ - Juniper Capital Advisors, L.P. ("Juniper") announces that on September 18, 2023, Rocky Creek Resources, LLC ("RCR") and JSTX Holdings, LLC ("JSTX") and Juniper Capital III GP, LP ("Juniper GP III"), each an entity controlled (directly or indirectly) by Juniper, collectively entered into an agreement to dispose of 51,161,332 common shares of Baytex Energy Corp. ("Baytex") to certain arms' length persons in a private transaction effected by way of block-trade, at a price of US$4.125 per common share, for aggregate gross proceeds of US$211,040,494.50 (C$5.565 per common share, for aggregate gross proceeds of C$284,712,812.58 based on the daily exchange rate of US$1.000 = C$1.3491 posted by the Bank of Canada on September 18, 2023) (the "Block Trade"). Settlement of the Block Trade is expected to occur on September 20, 2023.

354