Raging RiverThis deal is similar to the Raging River deal in 2018. Where would Baytex be without that deal today?
yes, it sucks that we went down today. After looking at the numbers, it looks like they got a great deal and with oil price going up (my opinion), entering a multi year bull market....this could lead to more torque and higher beta.
MEG was down 4% on the news of their year end report.
Baytex is down because they acquired a oil company with great assets and inventory on a favourable deal tgat the street doesn't necessarily like (yet).
most of the time, a s/p goes down on news of an acquisition... this isn't new.
Cheers:)