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
DON'T BUY
Most of their hedges are done. A beneficiary of the move up in commodity prices as well as the narrowing of the light/heavy oil spread. Have done a good job in turning the company around. Better values available.
HOLD
A sector perform. A very solid trust. Good management. A lot of their assets are in heavy oil, so there is some risks.
BUY
Have held their ground very well when other income trusts were suffering. Relatively inexpensive. A good solid performer.
BUY ON WEAKNESS
Probably paying out more distributions than they receive. Mainly heavy oil with thinner and more variable margins. Will buy when the price is right.
DON'T BUY
Pays a higher distribution from their cash flow and are on a bit of a treadmill as they must run production at full levels and try to acquire smaller companies. Their focus is on heavy oil which can be very volatile.
BUY
Has usually sold at a discount to other trusts because of heavy oil. Has a shorter reserve life than others. Have locked in a differential that the market is starting to appreciate. Should do OK from here.
BUY ON WEAKNESS
Likes the company and that they are only paying out 70% into distributions. Have hedged a good portion of their production. A bit pricey and could drop further. Buy under $11.
HOLD
Fully priced at this point. Quite happy with it. Only paying out about 70% of the cash flow so you can be sure they will probably maintain their payout.
BUY
Trading at a discount because it's a heavy oil story. Underpriced and it should go higher.
PAST TOP PICK
(A top pick Jan 29/04. Up 12%.) Still represents one of the better values. High yield.
BUY
Smaller % of distribution in order to keep a larger amount of cash flow in order to develop their assets. Distribution is safe this year. Good management.
TOP PICK
(Top pick Dec 30/03. Down 2.6%. ) Still likes and still buying it. Heavy oil, so not much risk. Good price. A 60/70% payout.
TOP PICK
Strong management team. Heavy oil usually doesn't give you any surprises. At a good price.
WATCH
Translated itself into income trust. Mostly heavy oil. Doesnt have a lot of gas. The yeild is high.
TOP PICK
Best numbers of any oil and gas. yield is 16%.
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