Baytex Energy Corp T.BTE

Getting a book together to take out Juniper overhang.

[HeavyBanana]

Sounds like that book is already being established. Nuttal has insight into that book making for sure.

[kegman]

I am thinking that we are near the price point with the SP trading in a range lately.  I would not be surprised if there is a big cross before the next meeting.  That would provide a nice spark I would think.  Nuttal openly discussing means the overhang is being negotiated, aggresively.    He would not mention it otherwise.  I bet a good portion goes shortly. 

[ztransforms173]

- UNLESS his Energy Fund ATTRACTS NEW UNITHOLDER DEPOSITS, he CAN'T PARTICIPATE in Juniper BOOK GROUP z173

[HeavyBanana]

True but that doesn't mean he isn't in there helping attract other funds/institutions into filling the book for the purposes of taking out Juniper and providing catalyst for a re-rate.

[ztransforms173]

- YES, I am SURE that he is WHEELING and DEALING and LISTENING to the FOOTSTEPS WALKING AROUND - that AFTER ALL, MARKET INTELLIGENCE; is a BIG PART of HIS JOB z173

[JohnnyDoe]

why can he not participate?   according to this link  https://www.ninepoint.com/funds/ninepoint-energy-fund/ Nuttall was sitting on 20% cash as of March 28. Unless he has some fund stipulation that XX % is always held in cash to manage redemptions, he can participate up to his available cash balance can't he? 

[ztransforms173]

- it is NOT the CASH AVAILABILITY - it is the PORTFOLIO RISK LIMIT - MEG was @ 15% of his Energy Fund WEIGHT {WAY TOO HIGH even for a GRANITE-SOLID producer} and SOLD 2/3 of their 9,000,000 MEG shares BRINGING the WEIGHT DOWN TO 5 % (I am SURE that his PARTNERS were GIVING HIM an EARFUL to CUT DOWN the EXPOSURE and TIMED his EXIT PRETTY GOOD ?) - he USUALLY LIMITS IT to 10% for ANY ONE STOCK