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 > Nugget Capital Partners says Baytex has major overhang

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Comment by riskion Dec 19, 2023 1:12pm

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Post# 35792056

RE:RE:RE:RE:Nugget Capital Partners says Baytex has major overhang

To clarify, the amateur analysis is from the Nugget partners firm, not the questions from our fellow poster.

riski wrote: If Juniper is selling them - which is a fair assumption as this was the primary driver of the merger for them - then there is almost certainly already a buyer of the block. They are not going to leak them out to the open market over months.

This is pretty amateur analysis.

dllscwbysfn wrote: They are investors though. Will they sell them at a loss? Do they dump them and drive the price lower? 12% of shares is only a hair more than BTE plans on buying back by the end of next year. BTE will perform more according to the price of WTI than anything else
masfortuna wrote: No kidding. talk about pointing out the obvious.