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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

Comment by riskion Feb 28, 2023 12:06pm
209 Views
Post# 35309894

RE:RE:Not a done deal

RE:RE:Not a done dealBTE shareholders will have to vote, but there is no way the majority will say no to a deal like this that transforms the company to a predominant light oil producer getting premium Louisiana light rates to WTI and >150,000 BOE in a bullish oil environment. 

Coming out of seasonal weakness for the industry, the timing is astute. 

If you don't like what you see, don't wait for some kind of shareholder vote. Just sell. 

clamlinguine wrote: I only see that it has to be approved by the majority of Ranger shareholders at a special meeting. Where does it say bte owners have a say?


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