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.

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Baytex Energy Corp > Getting a book together to take out Juniper overhang.

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Comment by ztransforms173on Apr 25, 2024 11:27am

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Post# 36007233

RE:RE:RE:Getting a book together to take out Juniper overhang.

- it is NOT the CASH AVAILABILITY

- it is the PORTFOLIO RISK LIMIT

- MEG was @ 15% of his Energy Fund WEIGHT {WAY TOO HIGH even for a GRANITE-SOLID producer} and SOLD 2/3 of their 9,000,000 MEG shares BRINGING the WEIGHT DOWN TO 5 % (I am SURE that his PARTNERS were GIVING HIM an EARFUL to CUT DOWN the EXPOSURE and TIMED his EXIT PRETTY GOOD ?)

- he USUALLY LIMITS IT to 10% for ANY ONE STOCK

z173

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