RE:RE:RE:BOOM: HOW MANY SHARES CAN BTE BUY IN THIS CASE??- you are ALWAYS on the SLOW SIDE
S/O of BTE:
SAY 821,952,752 @ March 25, 2024
10% of S/O:
82,195,275
Juniper Capital @ 101,751,995 @ March 25, 2024
- WHEN Juniper Capital SELLS 19,556,720 BTE shares (assuming the usual assumptions), BTE will be IN A POSITION to DO BLOCK TRADES with Juniper Capital on the ASSUMPTION that Juniper Capital is WILLING TO SELL and Baytex Energy has the FREE CASH and has AGREED to the SELLING PRICE for these BLOCK TRADE SHARES
- IF WTI prices REMAIN STRONG and Juniper Capital WANTS TO EXIT PART OR ALL of their POSITION and they are NO LONGER an INSIDER than BTE will LIKELY DO BLOCK TRADES with THEM (?)
- 16 MONTHS is PLENTY of TIME to GENERATE FREE CASH FLOW at these prices assuming that they CONTINUE (?)
z173