TSE:BTE

Baytex Energy Corp (BTE.TO)

6.20
+0.01 (0.16%)
as of Nov 13, 2026, 9:00:00 pm Market Closed.
728 watching
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COMMENT
This is his core mid-cap Canadian oil play. It has great growth project. Core asset is a fantastic asset. Just had a management shakeup and lost the CEO. With the dividend of 2.64% and where it is trading, the oil price would really have to collapse for this stock to get hit.
PARTIAL BUY
This is on his Buy list and was hoping to get it below $50. Good solid company with a great balance sheet. You could start accumulating at this price.
TOP PICK
Natural gas. This is like an early Crescent Point (CPG-T) in that they have really good properties and they continue to build reserves going forward. Good cash flow and a nice dividend.
BUY ON WEAKNESS
Great company and he likes it a lot. Would try to buy it at around $51. One of the best producers out there and has been really punished on the heavy oil thing, which they have mitigated quite a bit by railing 15% to higher paying markets.
DON'T BUY
A higher quality of the former gas royalty trusts. Exposure to heavy oil. He owns their bonds. Their dividend is secure but be prefers Freehold and Vermilion.
BUY
(Market Call Minute.) Looks interesting and ranks well in his work.
TOP PICK
A secure dividend and the company can organically grow itself 5%-10%. This is fantastic in the industry. If it is real growth and conservatively financed, great asset in Seal which is the real great asset inside it, you are buying the stock with the heavy as the differential. 5.5% yield.
WEAK BUY
Not a big holding. CPG is bigger. It is an oily type company and he likes that. He has no problem with BAY-T, but prefers CPG.
BUY
In the Seal area where they are drilling oil and gas. It is almost like a utility in that they know exactly what they are doing. A little concerned that they are a little bit slow in bringing in some of the new technology. One of the lowest cost producers. They will keep on increasing their production and dividends.
TOP PICK
Great growth spectrum and has a great dividend. Good company. Has a target of $71.
PAST TOP PICK
(Top Pick Jan 21/11, Up 24.33%) A major holding personally. Pumpable heavy oil. Would not be surprised if they raise the dividend again.
BUY
There is a little bit of resistance at around $60. Chart shows a reverse head and shoulders, which is a pretty powerful pattern. If it gets above $60, you have a whole new set of investors that will come in. He likes the oil sector. If you own or buy, put a stop in at around the $50 level.
WAIT
More on the heavy oil side. Will generate positive news going forward. Seasonal period is Jan 23-Jun 15. June 15 is the CAP conference. It is the end of the good news.
TOP PICK
Very competent Alberta heavy oil producer. In the Sele (?) area of Alberta, which is pumpable heavy oil. Technology has improved. Have doubled and tripled their recovery rates, which used to be 5% and is now 15% and could be up to 30%. Just increased their dividend.
TOP PICK
Heavy oil producer. About 90% oil. Pays about 4%-5% distribution. Able to grow production about 8%-10% per share and still have some cash left over, which they can use to pay down debt or make acquisitions. Return on capital has been very good. Everything they say they will do, they do.
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