TSXV:VEC.H - Post by User
Post by
kingofcottonon Mar 11, 2003 1:48am
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Post# 5936271
Baytex Sold Production for $40,000/BOED
Baytex Sold Production for $40,000/BOEDThere aren't a lot of details (reserves, reserve life, etc.) in the Baytex annoucement (March 4 2003), but it looks like about $40,000 CDN per BOED on this recent sale. For URC, at $30,000 / BOED, as a rough estimate, URC would be worth about $6.50. One troubling aspect is whether oil and natural gas prices will hold up until URC's shareholder maximization process runs its course.
https://www.baytex.ab.ca/html/corporate/news.html