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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 Sonofmshadeon Jan 30, 2019 11:53am
239 Views
Post# 29296465

Abusive short selling being investigated by regulators

Abusive short selling being investigated by regulatorsThe time for the short selling shenanigans to continue without scrutiny will soon be over. Baytex and the oil industry has been a victim as well. This coordinated misinformation, stock manipulation and trolling by losers like Lava and Crypto and their masters will be under investigation. I encourage everyone to report to OSC and SEC. The wheels move slow - but they do respond when investors make some noise. The regulatory scrutiny on short-sellers has emerged after a number of high-profile activist campaigns against Canadian companies, including cannabis grower Aphria Inc., insurer Manulife Financial Corp., excavation company Badger Daylighting Ltd., lender Callidus Capital Corp. and online retailing startup Shopify Inc. In 2018, 22 activist short-selling campaigns were launched in Canada, up from nine in 2017, according to data compiled by Activist Insight. There seems to be an emerging pattern of companies being made subject to a short-and-distort strategy, warned Jon Levin, a partner at Fasken Martineau DuMoulin LLP, in a letter to the OSC last February that was obtained by The Globe. He joins a growing chorus of voices in the legal community advocating for remedies ranging from legislative reform to amendments to the regulators whistle-blower program, which he wrote is open to abuse. Fasken has acted as a corporate lawyer for Callidus, though Mr. Levin emphasized in his letter that he was not writing on behalf of any client. Similarly, critics in the United States have been urging the SEC to address abusive short-selling. Last June, the U.S. Chamber of Commerce told the Senate Banking, Housing and Urban Affairs Committee that it has serious concerns regarding short and distort schemes and urged lawmakers and the SEC to address the growing problem as part of its assessment of whether to modify its short-sale disclosure regime. In late 2015, the New York Stock Exchange and Nasdaq pressed for changes to the disclosure rules to force short-sellers to reveal their positions in the same way that institutions must reveal their long positions. Read more at https://stockhouse.com/companies/bullboard?symbol=t.apha&postid=29294327#sMUWeoA1vIFiHeQu.99
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