Baytex Energy Corp (TSX:BTE)
Shares Issued 564,110,922
Last Close 4/28/2021 $1.40
Thursday April 29 2021 - In the News
Also MEG Energy Corp (TSX:MEG) In the News
The Financial Post reports in its Thursday edition that as equity values for energy companies started plunging in March, 2020, chief executive officers continued to promote their companies as good long-term holdings. The Post's Geoffrey Morgan writes that disclosures filed in recent weeks now reveal which CEOs were willing to follow their own advice and aggressively buy up shares in their own companies. The Post's data on common stock holdings of Canada's 10 largest oil producing companies over the past year found that Baytex CEO Ed Lafehr acquired the largest number of his own shares last year, at 357,899 shares purchased.Filings show that Mr. Lafehr bought thousands of shares of Baytex in the public markets in February, May and September and also exercised rights and options to further increase his holdings in January and July of last year.Proportionately, MEG Energychief executive Derek Evans increased his holdings by the largest percentage among the top producers. Mr. Evans bought 220,000 shares in MEG, a 164-per-cent increase in his holdings over the course of 2020. Filings show Mr. Evans was buying in April and November, 2020, after MEG shares bottomed at $1.22 each at the end of March, 2020.