Baytex Energy Corp (BTE.TO)

Company is executing very well, however we are at the top end of the range for the industry. Oil could dip below 90 second half of this year and then you could get in.

Recently added this to his positions. Very nice dividend that he believes is sustainable and will grow over time. A heavy oil provider and should benefit as the heavy oil differentials narrow in over the course of the next 5 years.

(Market Call Minute.) Large dividend payout by percentage. Heavy oil trying to buy Aurora (AEF-T) in order to diversify a little bit.

Energy group is showing some life. Old support became new resistance. Would like to see the old lid taken out. Buy on the breakout, not on the low.

Cream of the crop. Fantastic properties. A core holding for oil and gas parts of portfolios. Balance sheet superb. They beat on cash flow, production and earnings. Signed on to oil by rail first.

Owned in the past. The low cost production the oil business. Light oil is what you have a lot of in the US, but refiners refine heavy oil. BTE produces heavy oil. He has GXE.

(Top Pick Mar 4/13, Up 3.44% Total Return) Over a longer time, say 15 years, you see it compounded about 15% but it was less the last couple of years. With the acquisition it bought, it was brilliant because it was the end of the chain of the whole heavy oil story. They have diversified in markets, products and geographies making them poised to turn. A year from now you will see it being one of the top performers.

Roots in being predominantly a heavy oil producer but over the last few weeks they are moving out of purely heavy oil. They may not see the whole benefit of reduction in oil price spreads. A good company 3-5 years.

There is speculation that there could be another bid for Aurora. Assuming they close the deal it will be very good for BTE.

(Top Pick Feb 27/13, Down 5.59%) Has rebounded nicely. The deal seemed not to make a lot of sense but now it is starting to.

We are at the right time for energy and it is doing well, showing positive signs early. He would stay in this stock here. There is a little resistance but then some upside. We are just entering the beginning of the season for it, and will run until the end of May.

Just announced they are acquiring Aurora oil/gas assets for $2.6 billion. Historically investors have always liked this one for their heavy oil. This acquisition is a long-term benefit for the company in order to insulate and increase their dividend.

Their $2.6 billion deal to acquire Aurora was good and bad. This puts them into the Eagleford, which is a growing area, at a reasonable price and he gets them away from the Canadian heavy oil exposure. The bad thing is that a lot of investors were into this for their exposure to the heavy oil. Not a bad time to buy.

(A Top Pick Jan 15/13. Down 1.53%.) Likes their recent acquisition of Aurora Oil & Gas, giving access to the Eagleford Shale. They had to do something as they were at the end of the line on their heavy oil property. Yield of over 6%.

Have just closed a blockbuster deal. Acquired an Australian company that was inter-listed in Australia and Toronto and has assets in the Eagleford shale in Texas, a phenomenal asset. Thinks the numbers will look very accretive on all fronts once this acquisition is folded in. This company is emerging as one of the great large players in the Canadian front and the diversity that the Eagleford shale brings them is a real bonus for all shareholders.