Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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.

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Baytex Energy Corp > Share Count

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Comment by BayStreetWolfTOon Apr 11, 2022 3:11pm

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Post# 34594603

RE:Share Count

Aquisition of Raging River announced June 2018...note the WTI price when they made the aquisition.

"Baytex and Raging River have entered into an agreement (the “Arrangement Agreement”) to effect the Transaction by way of a plan of arrangement of Raging River under the Business Corporations Act (Alberta). The Transaction will result in holders of common shares of Raging River (“Raging River Shares”) receiving, directly or indirectly, 1.36 common shares of Baytex (“Baytex Shares”) for each Raging River Share owned."

Interesting note....while some companies are looking to issue shares and debt for companies right now with oil ~$95+...

Baytex completed this deal when oil was $65.85 (date of the release)

https://www.baytexenergy.com/files/pdf/news-releases/2018/Baytex%20Raging%20River%20Strategic%20Combination%20-%20June%2018,%202018.pdf