Baytex Energy Corp (BTE.TO)

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.

Just announced purchase of Aurora Oil and Gas. Highest return of capital properties you are going to see in the area. 7.5% yield. Hoping for 15% total return.

Stock is off because of the big financing recently. It is now a strong company, diversified in asset base. Still quite a lot of heavy oil exposure. Respectable dividend yield that he can see going up in the next 12-18 month.

(A Top Pick May 3/13. Up 0.99%.) Just made an $1.8 billion offer for Aurora out of Australia which has its assets in the sweet spot of the Eagleford in the US. She is quite favourable on this deal.

Has been around for a long time and has heavy oil exposure. Did a good job of hedging away those differentials. Longer term as infrastructure gets built out it will alleviate concerns. Likes TBE-T also, maybe a little more capital appreciation.

Currency fluctuation will affect this company as it will be bullish for the price of oil itself. The one issue with this company and North American and international oil is that the pricing is different. We have discovered quite a bit of oil in North America and we can’t export it because of a massive price differential. Production in this company continues to increase which is positive to the bottom line. He continues to add this to new portfolios. Good yield of about 6% which is quite sustainable. This has a $50 target.

Between Baytex Energy (BTE-T) and Crescent Point (CPG-T), which one would you take? He would definitely go for Crescent Point if you want yield. If you are looking for more capital growth, he would go with this. Both pay a good yield and are well managed.

Ranks in the middle of the pack for his process. Great company. Continue to grow production and are getting bigger by the day. For a long-term investor, it will do very well. Also, has the potential that it could be taken out down the road. 6.6% dividend yield. (See Top Picks.)