Baytex Energy Corp (BTE.TO) Buy, Sell or Hold

Home

Daily Stock Opinions and Ratings

Baytex Energy Corp (BTE.TO)

7.03

+0.01 (0.14%)

as of Jun 4, 2026, 8:00:01 pm Market Open.

733 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) has undergone significant changes recently, including divesting from its U.S. assets, leading to a cash position of approximately $900 million that is expected to bolster share buybacks. Experts highlight the company's exposure to profitable Canadian oil plays and the potential for volatility tied to oil prices amid geopolitical tensions. While the general sentiment is cautiously optimistic regarding its operational efficiencies and management's commitment to reduce debt, some analysts express concern over the stock's recent performance and valuation. Comparisons have been made to other energy stocks, suggesting mixed opinions on the best investment strategies in the sector. Overall, the outlook reflects a company making strides in financial stability but still facing challenges in sentiment and market conditions.

Consensus

Hold

Valuation

Fair Value

Similar

CVE, CVE

PAST TOP PICK

(A Top Pick Nov 16/18, Down 38%) Multiples have contracted to 3 times cash flow. It is not that their cash flow has shrunk, it is just that investors are not willing to pay historical values. It has lost some of its credibility. It trades at 17% free cash flow yield at $55 oil. The company has 4 years of reserves that are currently flowing. Their holding in the Duvernay, is a commanding position. A large holding for him.

COMMENT

The valuation has gotten so low. Baytex has a lot of Permian oil investments which is good. Debt has come down to 1.5 times. Balance sheet is in much better shape. They are generating free cashflow and can buy back stocks now. 15-20% yield at current oil prices. A lot of the sector looks like this due to supply and demand. Energy stocks are cheap and valuations are ridiculously low. He still likes it, but it hasn't made any money in the last year. (Analysts’ price target is $3.29)

PAST TOP PICK

(A Top Pick Oct 19/18, Down 43%) He still owns this and added yesterday. He was uber bullish oil last year as Iran was about to face export constraints (they were later waived by the US). They have interest in the Eagle Ford and one of the biggest plays in the Duvernay Shale in Canada. The new production is very economic at today's WTI price levels. They could soon see big share buybacks as cash flow improves.

BUY

Heavy oil? He is bullish on heavy oil as countries like Venezuela have seen production fall to 20 year lows. Mexico is declining as well. This is good for Canada, but we are still pipeline constrained. At $60 WTI and $15 heavy oil differentials he likes CVE-T, MEG-T and BTE-T.

TRADE

He stock now is so cheap that he is not longer in the sell camp. It will service debt with a lot of cash flow if we hit $70 oil as he thinks we will.

COMMENT

They are rationalizing the management structure given their debt after acquiring Raging River. They are trying to get more into light oil. A recession would cause oil prices to fall and with it the stock price.

TOP PICK

Baytex bond: 6.625% 2022 It's their bond, paying a 6.625% rate of return. They own Eaglesford, a Texas shale asset, that could cover this entire bond if BTE ever went into receivership. BTE won't and in fact is doing well. BTE stock is too volatile. The bond is good for conservative investors.

RISKY

It may be slightly lower in reputation compared to his other holdings. It is very low valued and he thinks they have fixed the balance sheet. Ten years ago it traded almost $60 per share. They added leverage when oil prices were high and made a large US acquisition at the wrong time. The stock will never return to those lofty levels, it may get back to $4-$5 -- still a great return. A little bit riskier this could be a speculative buy. Yield 0%

RISKY

Their balance sheet has been slipping for the last five years. It trades at 40% of book value. It has a little bit of upside potential. A war in the Middle East would help this stock significantly. Overall, we need better oil and gas pricing on a sustained level.

TOP PICK

Had to throw an energy stock in, because they're so cheap. Paid down debt. About 60% of production gets a premium price. No dividend. (Analysts’ price target is $3.55)

PAST TOP PICK

(A Top Pick Aug 17/18, Down 53%) It's still a core holding, even though it's trading at a 32% free cash flow yield at $60/barrel. It's trading at a third of its historic multiple. And yet this year they're drilling their best holes and unlocked a key shale play. He's confident they'll use their free cash flow to buy back lots of shares.

DON'T BUY

For TFSA? BTE is the poster child of beaten-up Canadian oil stocks. They have a great asset in the U.S. They have both good and bad, but BTE will move with the oil price which is weak now, but will probably go higher in 20201. But BTE still carries a lot of debt. Not the ideal stock in this sector.

PAST TOP PICK

(A Top Pick Jul 20/18, Down 58%) It remains a core holding, but it's fallen off the radar of investors. Investors aren't buying Canadian oil. Trades at 30% free cash flow yield. He expects 2x debt-to-cash flow in the second half of 2019. By then, they should heavily buyback shares.

TOP PICK

It's fallen off many radar screens. Their leverage will be lower in coming months. Trades at 30% free cash flow yield and positioned to buyback a lot of shares. It is clearly mispriced now. (Analysts’ price target is $3.55)

DON'T BUY

It has been a while since he held it. He prefers owning the senior producers, when it comes to heavy oil. Their projects have not been well capitalized and they have taken time to get the Duvernay assets incorporated from the Raging River acquisition. Nothing wrong with it and they are paying down debt. There are just better opportunities out there.

Showing 136 to 150 of 723 entries

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Baytex Energy Corp (BTE.TO)