Baytex Energy Corp (BTE.TO)

(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.)

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.)