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.

TSX:BTE - Post by User

Baytex Energy Corp > Volatility

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Comment by masfortunaon Dec 09, 2023 3:20am

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Post# 35776039

RE:RE:Volatility

red2000 wrote: I agree with you Riski.

Juniper still had 102 322 662 shares of Baytex at 4,12$US ! Idon't think they want to sell it in 2023 for a 50M$ tax loss down the drain !

https://www.newswire.ca/news-releases/early-warning-reporting-disposition-of-shares-of-baytex-energy-corp--808369640.html

Better wait another 3 months to see what is going to happen !
This is how the rich get rich and stay rich.

Read the paperwork Red. If I remember correctly, the $4.12 is Juniper's shares were worth AFTER THE MERGE. They had already a stake in Ranger that dates back a few years. They are deep in the money if looking at their initial investment.

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