Eric Nuttal is not a technical expertThe conventional oil industry in the USA is more 10 times as large as it is in Canada. For a oil company to think that they can take over a Eaglesford play.
Does anyone really think that the technical team of a 3.2 billion dollars USA company was incompetant, and with baytex purchasing the company they are going to add significant value to the assets, and fix their under performing enviroment.
Now we are suppose to feel that Eric Nuttal personnel technical expect, look at the results and confirmed that baytex brought amazing, found only in Canada, technical expertise.
Eric slams the table and demands companys buyback their shares, pay him.
I think it kind of goes like this, you sell him cheap shares, with the promise to buy them back.
Eric breaks companies than he hopes for a rerating, and gets shares on the cheap.
If Eric is involved in the stock, you want to get out kick the dust off your sandles, and leave the scene because in a few months he will be doing that to your shareholders leaving the bag.
IMHO