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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 > Facts -- Shares being redeemed
View:
Post by MLEWICKIMBA on Jun 15, 2024 11:19am

Facts -- Shares being redeemed

56m shares redeemed by June 27, 2024.

799m shares by August 31, 2024.

Worse case BTE will sell CAD ASSETS and reduce debts dramatically and become an American producer and then be merged with another American producer at 8 to 10 bucks a share.

The CAD ASSETS WOULD FETCH 1.6BLN to 1.7BLN CAD NEIGHBORHOOD...

ML
Comment by 101Stockhouse on Jun 15, 2024 12:14pm
June CORPORATE PRESENTATION Shares Outstanding (2) 811 million Market Capitalization so hopefully they are taken advantage of the "fire sale" and buying shares and we don't have to wait until August to get in the 700's ( unless you meant June 31st)
Comment by MLEWICKIMBA on Jun 15, 2024 1:21pm
Great News
Comment by ManitobaCanuck on Jun 15, 2024 2:44pm
Current NCIB expires June 28th 2024 . In 20 sessions they need no purchase 11mill shares to reach under 800mill by June end .  Almost 550k shares per trading session or 55million in buybacks. Lets see . 
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