TSE:BTE

Baytex Energy Corp (BTE.TO)

6.96
-0.03 (0.43%)
as of Sep 11, 2026, 8:00:01 pm Market Open.
731 watching
0
Investor Insights
star iconSep 13, 2026, 12:00 am

This summary was created by AI, based on 22 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) is seen as a company in transition, focusing on Canadian operations following divestments from less favorable assets. Experts express enthusiasm for the new management, particularly the CEO's decision to take a salary in stock, which aligns their interests with shareholders. The sale of American assets has positioned the company to be net cash positive, which should enhance its financial health and provide room for aggressive share buybacks. While there is a consensus that the market may not fully appreciate Baytex's potential, some analysts suggest that the company still has significant upside due to its solid operational efficiencies and disciplined approach to debt reduction. However, concerns about inventory depth and external factors influencing oil prices add an element of caution regarding long-term performance.

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Consensus
Positive
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Valuation
Fair Value
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Similar
CVE, CVE
HOLD
Weighted towards heavy oil, which tends to be a little more volatile. Have negotiated a long-term sales agreement with and independent refiner. Well-run. Relatively low payout ratio at 60%. Getting a little bit expensive.
BUY
More exposed to oil, especially heavy oil. Have an interesting play, Seal, in northern Alberta. Also has significant tax pools which will be useful post-2011.
BUY
A little more conservative in terms of money they are paying out of the trust. 9.5% yield. A possibility they could be increasing the distributions.
BUY
A very good operator. Payout ratio is somewhat lower. You could add to it now or on weakness over the next couple of weeks.
TOP PICK
9.8% yield. A heavy oil weighted name. The spreads between heavy and light have really widened and they are starting to narrow again. They have some oil sands which he doesn't think is reflected in the price. Could see 25% to 30% upside from here.
BUY
Heavy oil. Considers their reserves are understated because they are drilling in a homogeneous area. Conservative payout record. Lots of long-term reserves.
WEAK BUY
The whole oil/gas area is one you have to be really cautious about. A lot of trusts are trading at significant premium to their net asset values.
BUY
This fund will do as heavy oil does. Well-run company. He is moving away from heavy oil, but this one is doing well and is reflected in its numbers.
HOLD
A heavy oil story, but it does have a fair bit of production. Doesn't see tremendous upside in the short-term. Suffers from a bit of a discount because of the heavy oil.
TOP PICK
Yield is 8.25%. 33% Return On Equity. Good strong profit growth. This is a defensive energy pick.
HOLD
Has done extremely well. Would-be looking for an increase in the payout. Right now the yield is getting a little low.
BUY
Expects capital gains. A name he really likes.
SELL
A heavy oil trust. The spread between heavy oil and light oil has narrowed so the trust has done very well. This is a seasonal stock and demand is highest in the summer, so you might want to take profits now.
BUY
Has 3 elements, conventional, heavy oil and some natural gas. Have some cost efficiencies in place. Differential between heavy and light oil is narrowing.
BUY ON WEAKNESS
A very well-run company. The area they are working in has excellent resources. It has been helped recently by the spread between light and heavy oil. Would like to see a pullback.
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