Baytex's Acquisition of ROCC, Brilliant or Befuddling?

February 28, 2023

I own Ranger . . . okay to be fair I own Penn Virginia, which then became Ranger (“ROCC”). No it’s never been a large position, and no I never thought the company had great assets, or a phenomenal management team. It was all part of a larger bundle of E&Ps that gave me torque to oil’s upside. Torque that wrenched the portfolio this way and that, as torque usually does, since it goes both ways.