Baytex Energy (BTE) has notable insider buying

Baytex Energy (T:BTE)

Baytex Energy Corp. (BTE) has a high amount of executive buying compared to its mid-cap peers over the past three months. Eric Thomas Greager, CEO, acquired 131,967 Common Shares on a direct ownership basis at a price of $4.290 through an exercise of rights on March 11th, 2024. This represents a $566,138 investment into the company's shares and an account share holdings change of 13.4%.

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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.