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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Full speed ahead with biybacks
View:
Post by Rolex888 on May 15, 2024 3:32pm

Full speed ahead with biybacks

Management has to be buying back shares
ar these levels.  With the 45 million they have repurchased 
so far gives them a 4 million dollar per annum dividend saving.
As EN puts it these guys can privatize in 4 years.
Lets hope that's the case
Comment by MLEWICKIMBA on May 15, 2024 3:41pm
Hi Rolex888, 47m shares @ 5.42 = 255m cad. Soon 55m to 60m even. Nothing changed. Who says they sell on spot? Revenue is usually 30 days after the fact as well. Good luck panicked. ML