Baytex Energy Corp T.BTE

buyout price

[tankumo]

Hi everyone, I just bought 6000 shares today, my average price is around $4.30.  My hope is some big company in the US will buy us out at, say, $2 above current price.  I can be wrong of course, but today is also the last day to buy for dividend.  I should have bought it yesterday, stupid me.  Anyone here has any projection on fair buyout price?  I am willing to buy and hold for long time.

[1234bmth]

If you invest in a company in the hope of  being bought out, you are not investing rather you are gambling, investing in oil companies is believing in oil bull and company's management. Further more BTE is not a target of acquisition at all, It has very spreaded assets unless BTE sells it's assets individually to different companies. MEG is a better target of acquisition with less

[tankumo]

I am doing both, investing, and also hoping for buyout,  Really, every investor also hopes the companies they invest in get bought out at much higher price, right?

[1234bmth]

Well, in your first post you didn't mention one word about investing in BTE such as BTE management, BTE's performance if oil goes up or down, debt repayments in different oil price scenarios, all you were talking was buyout and buyout price. Again, the chance of BTE getting acquired is very low due to spreaded assets and higher production cost than its peers, yes, BTE can sell its Canadian

[riski]

The chance of a company being bought out just after you buy shares is incredibly low. Deals are not that common and there are hundreds of companies. It's a ridiculous strategy and we all know he won't be here by Friday because the stock will either go down 3% triggering a sell or it will go up 1.5% triggering a sell for a profit of maybe $100 net of fees and taxes to help offset some other

[riski]

Well I've been here for 8 years and you are the first to ever mention they are investing to capture a buyout premium. So as to investing in BTE anticipating a buyout, it's a lot closer to nobody than everybody, and might have been nobody before you bought your shares.   

[Marty47]

I bought inter pipeline and it was bought few months later by brookfield , when the share went up I sold , as I didn't want Brookfield ( it went down ) , I bought a telecommunication company long time ago  it was out west and I bought for the dividend and bell bought at a 30% premium got shares of bell Canada plus my cash as I already have some bell shares at 36$ sold my bell at 65$ later