Post by
Relaxrelax on Mar 01, 2023 12:08am
I think the Outstanding shares total is TBD
Cash and stock for the deal. Well as far as I know, BTE has debt and no cash so we will be reading more news releases on finance deals. It will be interesting to read the terms, they may give out more shares for that as well, who knows. I'll wait for the dust to clear and evaluate whether to re-enter.
Comment by
uwebb429 on Mar 01, 2023 2:19am
Pro forma Market Summary Ticker Symbol TSX & NYSE | BTE Shares Outstanding 864 million Market Capitalization / Enterprise Value(1) $5.0 billion / $7.6 billion https://www.baytexenergy.com/content/uploads/2023/02/2023-02-28-Baytex-Ranger.pdf Page 4
Comment by
Bennys65 on Mar 01, 2023 6:21am
Where is ED when you need him.Short term dont like the deal, long term will most likely be ok.
Comment by
riski on Mar 01, 2023 9:23am
False. The number of shares is set as per the closing price of BTE on Fab 24. This is the source of Ranger investors anger. They think the price is too low for the deal and it went down further yesterday.