RE:Just a $380M US market cap???Correct. Yes, they did buy Aurora Eagle Ford Texas for $2.8B and that's where the long term debt due only in 2021 comes from.
So you get to buy this at less than 1/5 that price plus get all the Alberta assets with it. If you haven't looked at them, got to the BaytexEnergy site to get the IR material. Updated as of this month. These guys really know what they are doing in navigating one hell of a storm!
I'm new here since about a month and I'm exhausted!
I agree, the buy outs will start to happen! Like dominos!
I'm betting more US at this point than China but who knows?
PROtrading wrote: Can anyone explain why this company only has a market cap of $527M Canadian dollars?
That's just $380M US dollar
Didn't they buy a big Texas producer for close $3B just two years ago?
I see them being taken out at this price with no dual share structure.
Will this be a New Star Energy Corp or Long Run Exploration Ltd both purchased by the Chinese last year?
China Oil and Group which bought privately owned Calgary-based Baccalieu Energy Inc. for $236 million last year, or Tri-Win International Investment Group Inc. that took over junior Alberta company Hyperion Exploration Corp. or Yanchang Petroleum International Ltd. that acquired Novus Energy Inc. for $230 million.
Let the buying spree begin.