Baytex Energy Corp T.BTE

Interesting rumor...

[red2000]

Some deal with Ranger Oil Corp in Eagle Ford !!!!

We don't know the details yet ! Strangely, the stocks are not halted !?! Why not selling Eagle Ford for cash and royalties for 15 years or so... Enough money to increase quickly investment in Clearwater and Duvernay ... Think about it !? 0 LT debt and new Div !

Light Oil of Duvernay seems interesting

[Snowballer]

So Red, are you finally pissed off? This seems like a joke right?!

[red2000]

Hey Hey Snowballer ! Do you really think Baytex want to do that for nothing ...?? Something behind the curtain will appear... When you're close to the tree, you don't see the whole forest ! Only my O !

[red2000]

Interesting perspective : The advantage of doing this deal is that they can get rid of Marathon as the operator of the Eagleford property. The Ranger management team can takeover the complete Texas operation giving you a net cost savings. Rangers production has been declining as so has Eagleford maybe this deal was done months ago. Management says they want to increase production out of this area

[JohnnyDoe]

Red I've had discussions with IR in the past about the Eagle Ford and whether they've considered selling it. What I was advised was that non operated assets sell for far less (I forget the numbers but significant) than operated assets. So this deal should immediately add the Ranger value but also increase the value derived from the existing asset.  Not hard to understand the US

[Chrisinvan7]

https://ca.finance.yahoo.com/news/exclusive-canadas-baytex-energy-nears-002630957.html

[Chrisinvan7]

https://d1io3yog0oux5.cloudfront.net/_fa6f29588696fdaad5a7f812baff47c1/rangeroil/db/242/688/pdf/3Q22+Investor+Deck+vFinal.pdf

[1234bmth]

Usually these kind of rumours will be leaked a few days before and the SP goes down days before the announcement, I am surprised BTE was in green for the last 3 trading days.

[dandu1924]

Yes you are right usualy in this kind of thing the share price should going down and  probably this is a good sign because we are green  so the market will like the deal, because soon  BTE will be an american oil company and  say goodbye to Trudope sect. lets see. 

[1234bmth]

This is still a rumour, but let's say the deal happens, there are things that not clear yet as the rumour says it would be a mix of cash and share deal. My question is how much the cash part would be? Would BTE management take more debt for this deal or considering to sell some Canadian assets?

[Relaxrelax]

Just Google Reuters Baytex.  Seems like a done deal.  Reuters doesn't usually dabble in rumours, they are usually a very reliable source.

[Quickdraw123]

They will most likely issue shares to pay, then do a reverse split to make the SP rise. Hope I am horribly wrong and they sell some assets, good thing is the 42,000 extra barrels a day is pretty good, if oil $$ goes up, it would be an exceptionally good acquisition.

[Quickdraw123]

It's a done deal 150,000,000 new shares but a dividend yay 

[1234bmth]

It is 300K new shares not 150K.

[KingandBay]

I calculate Enterprise value at $ 8.79 per share

[Quickdraw123]

Yahoo finance is showing 19 million ish shares outstanding and a market cap of $788 million? Is this incorrect/ am I reading it wrong?

[KingandBay]

Enterprise value 7.6 Billion with 864 Million shares outstanding