Post by
IndianSparrow on May 27, 2022 12:02pm
Something is Brewing
As per one of my previous posts, BTE is being held below $7.00 and this has been happening for a while now. This is unsusual when you compare this to other O&G stocks. I have a very strong suspicion that this is being held here for a possible buyout offer coming. Now, who are the other big players that might be eyeing BTE at this ridiculously low PE multiples.
Comment by
1234bmth on May 27, 2022 1:18pm
BTE is not fit for a take over, its assets are too diversified for acquisition. The SP uptrend is slow due to debt level, it will pop up in the medium to long term, just hope oil holds by then because at current oil price BTE should have been $10 +
Comment by
red2000 on May 27, 2022 3:41pm
Agreed with You, 1234bmth ! Read my lips...No reason to sell this cie under 10B$ !!! All management team of Baytex knows why ! No major CDN cie had enough liquidity or a solid balance sheet to buy BTE !!! Only my O !