Baytex Energy Corp (BTE.TO)

(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.)

Flanagan, south pipeline that Enbridge (ENB-T) has been building is about the same size as Keystone XL and is set to come on about halfway through 2014. As that comes online, the US markets specifically will start to get some clarity on what Canadian heavy oil price differentials are going to be, and it should be positive for this company, where 80% of their production is Canadian heavy oil. Great, well managed company with a strong Board of Directors that is focused on the dividend. 6.6% dividend yield could have an increase this year or early next year.

Have been living and working in heavy oil for a long, long time. Had a change in management about a year ago and the company has refined their business model about getting the payout ratio to a very sustainable level. Feels the dividend is sustainable and could rise. Good execution. Have a lot of pricing hedges taking place, allowing them to manage the business to get the total payout ratio.

Heavy oil. Prefers CPG for light oil. It has more growth. BTE has no production growth. Yield is safe and it is a good company.

(A Top Pick Oct 11/12. Down 3.36%.) Sold his holdings to go into some other things.

(Market Call Minute) Prefers CPG. Might do better than the dividend.

Likes this here. Heavy oil producer, which runs about $30 right now versus WTI. Thinks this will narrow to $20-$25 by March, so there should be some tailwinds on this one. (See Top Picks.)

(Top Pick Nov 8/11, Down 11.29%) Heavy oil differentials have to come down. This is the time for the biggest differentials and will improve in the summer. 6.25% dividend.

Very good heavy oil player. They have low cost and scale in heavy oil and, of course, recently are doing very well in their Seal project. The issue is that they are subject to the heavy oil differential. Has been a difficult year for Canadian heavy oil producers. Thinks that with more pipelines coming in next year, we’ll see the differential narrowed down to more normal levels and this should benefit as well. Likes the new management. 6.3% dividend yield.

You definitely want to hold off on your energy stocks until the January through to May period. This one has been following seasonal trends accurately recently. Right now, this is basically in a trading range with $43 on the upside and $40 on the downside. Wait for it to break out of this range, hopefully as the period of seasonal strength comes along. The average gain for this one is 25% between January and May.

(A Top Pick Jan 29/13. Down 5.71%.) If you own, he would add to your holdings at this juncture. Stock has been very disappointing over this year but has done everything fundamentally that he expected them to do. Had better than expected Q3 production and cash flow. The WSC discount has widened to about $40 so there is some temporary weakness on this basis. He has a target of $48 in the next 12 months. 6% dividend.