BAYTEX ENERGY LTD. FILES ISSUER BID.CALGARY, ALBERTA--(BUSINESS WIRE)--APRIL 18, 1995--BAYTEX ENERGY LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BTE.A ) Baytex Energy Ltd., of Calgary, announced today that it has filed a normal course issuer bid through the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Commencing April 19, 1995 and ending on April 18, 1996 the Corporation may purchase up to 540,000 of its Class A Shares, being approximately 10 percent of the public float of 5,468,847 Class A Shares, provided that no more than 2 percent of the issued shares will be purchased in any given thirty (30) day period. All Class A Shares purchased under the issuer bid will be cancelled, thereby increasing the respective proportionate share interests of all remaining shareholders. Shares of junior oil and gas producers listed on The Toronto Stock Exchange are generally trading at much lower cash flow multiples than last year. Baytex believes that the underlying value of its Class A Shares is not reflected in current market prices. Baytex is a junior oil and gas exploration company whose shares are traded on The Toronto Stock Exchange under the trading symbol Trading symbol See: Ticker symbol "BTE.A". CONTACT: BERT (Bit Error Rate Test) An analysis of network transmission efficiency that computes the percentage of bits received in error from the total number sent. KLOSTER Vice-President, Finance Baytex Energy Ltd. 403/750-1234 403/750-1244 (FAX) REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion