Baytex Energy Corp T.BTE

Sedi filing report about juniper?

[Nothingmatters]

Did they sell today???

[JohnnyDoe]

Juniper is locked in on a 30/60/90 basis. They can sell  Late September  Late December  Late March  1/3 of their holdings at a time.  I think the original transaction closed on the 24th of June? 

[masfortuna]

I think the 24th sounds familiar Johnny. And yes they can sell 1/3 in 3 month intervals except that Juniper is in it to make many and I think they can see the potential of holding those shares at least for the September period. If oil takes a nosedive in the next 2 weeks then that might sway them to divest that initial 1/3. I think it will be a non issue and that's why I committed today to BTE

[WaterDPlants]

Looks like sold 15M shares August 31. Filed today.

[riski]

And Greager was so confident that Juniper was in for thr long haul in post deal interviews. Give me a break. One of the main reasons a shareholders in a private company want to merge with a public one is precisely to get out of the investment that they are otherwise stuck in.  Happy to take the Ranger assets off their hands, but Greager is the most naive CEO in history if he really thinks

[riski]

I should add that this is a minor bump in the road. The company can easily absorb Juniper shares, especially in a rising market.  The lack of understanding of the situation by the dealmaker CEO, and what would likely unfold is surprising though. He had better stick to the script from here on in. Buy backs, debt repayment, and increasing dividend, because I think his reputation and

[JohnnyDoe]

Do you have a link for that?  I thought they couldn't sell until later this month? 

[Teddybull13]

Jupiter can't sell any shares until 3 months after closing. They can sell 1/3 of their shares 3 months after closing, the next 1/3 6 months after closing and the final 1/3 9 months after closing. The first 1/3 can be sold at the end of September. 

[Nothingmatters]

Go to ceo.ca I am to interpret the report. That's why I am asking are they selling or not?

[Nothingmatters]

Unable to*

[masfortuna]

Not possible that it's Juniper since the shares are still locked.  Provide a link please.

[robert41]

Go to canadianinsider.com they sold 17 million privately looks like Bte bought back 4.5 million thru august. Given it was a private sale perhaps that's allowed at anytime as opposed to selling in the market

[FreddieSanford]

Juniper shifted shares from the holding company into their fund. Nothing nefarious going on.

[robert41]

Thx fred

[Moemoney42]

Baytex could always pick up Juniper's shares in an SIB (substantial issuers bid) over and above the NCIB in the large blocks that Juniper is looking to unload, providing that is their plan..??

[dllscwbysfn]

Whether Juniper shareholders or any large shareholder sell there shares it would only lead to some short term pain. In the long term it is the fundamentals that really matter. Does BTE profits change if these shares are sold? If the price falls quite a bit it would mean cheaper buybacks. Production stays the same! I suppose if your timeframe is less than a year you might be a little concerned but

[Moemoney42]

Agreed, I  myself favor a SIB over the NCIB when the share price is this low.. take a big chunk out instead of having to buy at higher prices as the stock responds to better and better quarters.. of course that's IF they can get someone to unload said block..? 

[FreddieSanford]

Looking directly on the SEDI site ... it appears to me that Juniper shifted shares from the holding company JSTX Holdings, LLC into their fund Juniper Capital III GP, LP. It looks like the fund filing was a misprint in number of shares by a decimal and should have matched the number coming out of the holding company.

[FreddieSanford]

Looking deeper into Juniper SEC filings on EDGAR it shows the umbrella under which Juniper held beneficial ownership and shared voting power. Todays SEDI filing simply shows them locking down shares into respective funds. I could be wrong but that's how I see it. So Rocky Creek Resources, LLC has shared voting and dispotive power on 40,491,996 shares which is 4.7% of O/S at the time