Baytex Energy Corp (BTE.TO)

Has liked this company for a long time. Very predictable deposits. Heavier oil, but it flows and you don’t have to pump it that hard. Have also been very heads up in terms of using “oil by rail”. Have good connections in the US, and have been moving a fair amount of oil. Stock has always had a very good yield. Yield of almost 6%. Could see $52.58 in the next 12 months.

Energy sector has been on fire for the first part of this year. Most of the energy stocks have gone up in 2014. This is one of the group and you should stay with it.

A Cornerstone holding in his portfolio. A recent acquisition diversified the portfolio away from heavy oil. Sustainable dividend yield and he expects double digit growth going forward.

Largely a gas producer. Brought in partners from Asia to accelerate programs. People aren’t convinced they can have the same success they had on earlier wells, thinking costs could go up. If they show significant production growth quarter over quarter then they should do well.

Considers it as a Canadian blue-chip. Really well run primarily heavy oil producer. Recently made a really interesting acquisition, moving into the Eagleford Shale to produce light oil and some gas. Great, great assets. Stock is not cheap, but is one of these blue chips that does well for shareholders.

(A Top Pick June 3/13. Up 26.57%.) Energy space has acted a lot more positively in the last 12 months than it did in the previous 24. They did a large acquisition in the Eagleford in March. Good management team. Dividend of over 5%.

If you like this stock, you shouldn’t be overly concerned about short-term price movements. Somewhat higher than it was a year ago, but not a great deal in contrast to some other midsize oil/gas companies.

Sold a $42 October Put for $1.10 and also bought a $48 Call for $.50. Thoughts on the strategy? The strategy was synthetic Long positions, basically selling a Put and buying a Call. If you look at the performance of those 2 instruments based on the performance of the underlying stock, it would look very similar.

(A Top Pick May 3/13. Up 19.83%.) Their acquisition of Aurora was an excellent move. This gives them a new diversified play from heavy oil into lighter oil and gives them access to the Louisiana Light Sweet market on the Gulf coast. This is accretive from a cash flow standpoint.

Heavy oil operator out of Canada with a little bit of light oil in North Dakota. Just did an accretive acquisition, Aurora, in the Eagleford in Texas. Likes the heavy oil exposure they have, but now they have the light in a key area in the US. Good dividend yield.

There is a chance of a better entry point so he would be a little patient. Tends to react in a volatile sort of way to price changes in energy.

(A Top Pick April 23/13. Up 26.48%.) Thinks there is still more upside. This was quite a disappointing stock from April until when they did the financing for the Eagleford transaction. Hopefully, shareholder approval will be on May 5. His target is close to the mid-$50.

(Market Call Minute) Heavy oil spread has tightened and the Canadian dollar has helped. There is US money flowing into these and it had a good move. He would continue to hold, but not buy more or sell.

A core holding. Benefits form an improving picture for heavy oil. A recent acquisition was accretive and allowed an increase in the dividend. Likes what they are doing and has confidence in the management. A solid 5 year plan for developing their resource base. An excellent track record.

Lightened his holdings because he thought that when the oil price passed $100, it was getting a little rich and as well, he wanted to reposition oil more to gas. If you think oil prices are going to be steady or higher, this is a good operating company.