RE:Penn West Petroleum Ltd. and Baytex Energy Corp. Are Ripe foTotally agree, market is already discounting for a near term acquisition. So much so that the stock will be bought on the news instead of the opposite. I believe Baytex is about to get an offer of $10.50 per share but it will be 50% cash & 50% stock. I disagree about the medium term price of oil being flat. Author cites Chinese slow down which is absolute garbage; vehicle registrations are off the chart and I love how every bear refuses to acknowledge ALL other sources of demand. Hmmm, have you seen India's GDP growth? India is the next China. Oil is going back to $65-$75 by December and Saxburg believes this as well.