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TSE:BTE

Baytex Energy Corp (BTE.TO)

6.52
-0.10 (1.44%)
as of Aug 24, 2026, 5:39:09 pm Market Open.
733 watching
0
Investor Insights
star iconAug 24, 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 undergoing a significant transformation by refocusing its operations in Canada, which has been well-received by industry experts. The company has demonstrated strong financial discipline by selling off underperforming U.S. assets and using the proceeds to reduce debt, leading to a cash position of around $500M to $900M. Analysts appreciate the new CEO's commitment to taking his salary in stock options, indicating confidence in the company's future. While there is optimism about the potential for share buybacks and operational efficiencies, some experts express concerns regarding the overall inventory depth and the company's ability to compete with larger energy players. Overall, the sentiment is cautiously optimistic, suggesting potential upside for dividend-conscious investors.

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Consensus
Positive
valuation icon
Valuation
Fair Value
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Similar
CVE
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%.
WATCH
A heavy oil play, which is a part of the market they don't care for. They have a lot of Proven Undeveloped Reserves with the risk that they could be downgraded.
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