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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > SOMEONE JUST SOLD 20M SHARES AT CLOSING??
View:
Post by Quietinvestor on Sep 16, 2022 4:04pm

SOMEONE JUST SOLD 20M SHARES AT CLOSING??

??
Comment by dllscwbysfn on Sep 16, 2022 4:11pm
Someone just bought 20M shares at closing??
Comment by Maxmoe on Sep 16, 2022 4:15pm
It wasn't me. Indexers maybe? It's triple witch day as well. There's a few huge blocks at the close today. I noticed Tou and meg. Probably many more. Bears and bashers will cry "OMG who is dumping??" But the rest of us are more curios about.  " WOW, who just bought that huge block??"  .
Comment by red2000 on Sep 16, 2022 4:24pm
It's not me either, but whose able to see which firms are involve... Maybe Baytex did a SIB..., just before they deliver more update on clearwater. SIB : A substantial issuer bid is an equitable and efficient means for issuers to distribute excess cash to security holders by purchasing outstanding securities for cancellation in amounts above the levels otherwise permitted under the ...more  
Comment by jleer42 on Sep 16, 2022 4:40pm
It's not an SIB. SIB regulations require - among other things - notification/offer to all holders of the security.
Comment by Maxmoe on Sep 16, 2022 4:42pm
They have bought back stock EVERY SINGLE DAY since the NCIB started in May. So , I'm sure they bought some today but it was not a SIB. An SIB can NOT be done without full advance disclosure and regulatory approval. The SIB will come early next year.
Comment by red2000 on Sep 16, 2022 4:46pm
Thank's Jleer42 and Maxmoe for this clarification !
Comment by red2000 on Sep 16, 2022 4:55pm
A better view :
Comment by Hightowntrader on Sep 16, 2022 5:05pm
It looks like BSW's wife finally figured out his Questrade password! (Sorry guys, BSW himself knows that I'm full of sarcasm and that I love him on the boards...I just couldn't resist)
Comment by pigletoday on Sep 16, 2022 5:14pm
Where has BSW been?  Haven't ssen any mesages from him lately. 
Comment by HighOctane89 on Sep 16, 2022 5:18pm
BSW had a medical issue piglet , we are all hoping to get an update on his condition . Everyone misses him .
Comment by Tommy007 on Sep 17, 2022 1:38am
Wish BSW get well soon.
Comment by Volkomm on Sep 17, 2022 6:28pm
This is all index re-balancing. No effect on much really....unfortunately. A few names had this on Friday. 
Comment by Volkomm on Sep 17, 2022 6:49pm
To elaborate some more, Sept 16th was one of the quadruple witching events that occur usually 4 times a year. This is when stock index futures contracts, single-stock options, options on index futures, and stock index options expire. The movements have already happened awhile ago. 
Comment by masfortuna on Sep 16, 2022 5:38pm
LMAO!  
Comment by Canukiwi on Sep 16, 2022 7:06pm
I prefer " someone just bought 20M shares at recovery closing price".
Comment by deepblue on Sep 16, 2022 11:18pm
Nutthead liquidating
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