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BTEGF - Headwater Exploration: The 'Big Boys' Like What The Company Discovered
Baytex Energy Corp
This startup has a very believable large discovery.
The Baytex presentation backs up what management has been stating for a while.
The debt-free balance sheet lowers that small company risk considerably.
Cenovus holds a large common stock position.
Cenovus farmed out this discovery to the Headwater management in a show of confidence when they accepted a lot of stock as payment for Headwater to develop this.