Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Post by talladega10on Sep 09, 2018 9:33am
104 Views
Post# 28586136

I read on this website that a number of investors

I read on this website that a number of investorsdon't agree with the BTE/RRX merger but the vast majority of shareholders voted in favour of it so the complainers need to suck it up . *** Summary of Material Change: On August 22, 2018, Baytex Energy Corp. ("Baytex") completed the previously announced acquisition of all of the outstanding common shares ("RRX Shares") of Raging River Exploration Inc. ("Raging River") pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, which was approved by Raging River shareholders by a vote of approximately 96.18% of the votes cast at a special meeting of such shareholders, Raging River shareholders received, directly and indirectly, 1.36 common shares of Baytex (each whole share, a "Baytex Share") for each RRX Share, resulting in the issuance of approximately 315 million Baytex Shares. The Baytex shareholders also approved the issuance of the Baytex Shares to the Raging River shareholders pursuant to the Arrangement by a vote of approximately 88.1% of the votes cast at a special meeting of such shareholders. Further details with respect to the Arrangement are contained in the joint management information circular and proxy statement of Raging River and Baytex dated July 12, 2018, a copy of which has been filed on the SEDAR website at www.sedar.com under Raging River's and Baytex's profiles. The RRX Shares were delisted from trading at the close of markets on the Toronto Stock Exchange ("TSX") at the close of business on August 27, 2018. Full Description of Material Change: On August 22, 2018, Baytex completed the previously announced acquisition of all of the outstanding RRX Shares pursuant to the Arrangement. Under the Arrangement, which was approved by Raging River shareholders by a vote of approximately 96.18% of the votes cast at a special meeting of such shareholders, Raging River shareholders received, directly and indirectly, 1.36 Baytex Shares for each RRX Share, resulting in the issuance of approximately 315 million Baytex Shares. The Baytex shareholders also approved the issuance of the Baytex Shares to the Raging River shareholders pursuant to the Arrangement by a vote of approximately 88.1% of the votes cast at a special meeting of such shareholders. Further details with respect to the Arrangement are contained in the joint management information circular and proxy statement of Raging River and Baytex dated July 12, 2018, a copy of which has been filed on the SEDAR website at www.sedar.com under Raging River's and Baytex's profiles. The RRX Shares were delisted from trading at the close of markets on the TSX at the close of business on August 27, 2018.
Bullboard Posts