Baytex Energy Corp (BTE-T) Stock Predictions - Stockchase
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Baytex Energy Corp (BTE-T)

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oil/gas

Baytex Energy Corp Baytex Energy Corp
BTE-T

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oil/gas

Baytex Energy Corp (BTE-T) SAVE

3.58

0.02 (0.56%)

Aug, 17, 2018, 12:00 am

OPINIONS

About Baytex Energy Corp (BTE-T)

Baytex Energy Corp. is a Calgary-based Canadian producer, developer and explorer of oil and natural gas. Formerly a trust, it converted to a corporation January 2011 because of government changes to tax incentives. More at Wikipedia

What the experts are saying about BTE-T



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Signal Opinion Expert
DON'T BUY
Baytex Energy Corp(BTE-T) 

August 15, 2018

 A heavy oil producer that still has leverage on the balance sheet.  He would look elsewhere, unless you think WTI is going to $100.

oil/gas

 A heavy oil producer that still has leverage on the balance sheet.  He would look elsewhere, unless you think WTI is going to $100.

oil/gas
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$3.560
Owned Owned
No

SPECULATIVE BUY
Baytex Energy Corp(BTE-T) 

August 9, 2018

A highly levered oil name.  When the oil price moves, it moves with it.  It is a pretty high debt name.  You could probably make some money here.  It is not a name the masses would want to own because of the volatility.  It will be tough for it to get back to the previous highs.  It will probably not be a positive in that they are merging with RRX-T, Raging River.

oil/gas

A highly levered oil name.  When the oil price moves, it moves with it.  It is a pretty high debt name.  You could probably make some money here.  It is not a name the masses would want to own because of the volatility.  It will be tough for it to get back to the previous highs.  It will probably not be a positive in that they are merging with RRX-T, Raging River.

oil/gas
Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$4.090
Owned Owned
Unknown

WATCH
Baytex Energy Corp(BTE-T) 

August 2, 2018

This is one of the companies that he follows to some degree.  It is possible toward the end of the year he might hone in on it more closely.  With all of these companies, take a look at debt load relative to revenues.  He may buy it later in the year, depending on his firm's analysis

oil/gas

This is one of the companies that he follows to some degree.  It is possible toward the end of the year he might hone in on it more closely.  With all of these companies, take a look at debt load relative to revenues.  He may buy it later in the year, depending on his firm's analysis

oil/gas
Benj Gallander

President, Contra the Heard Inv...

Price Price
$4.200
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick August 3/2017, Up 12%) Still trading at a discount. If I can get 12% out of a bond, why would I buy equity? Less risky to own the bond than the stock. Buying the stock would need the price of oil to go up, guaranteed.

oil/gas

(A Top Pick August 3/2017, Up 12%) Still trading at a discount. If I can get 12% out of a bond, why would I buy equity? Less risky to own the bond than the stock. Buying the stock would need the price of oil to go up, guaranteed.

oil/gas
Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$4.040
Owned Owned
Yes

DON'T BUY

It is challenged like CPG-T in that there is excess capacity and not enough sales.  He can't comment on the merger as he is not an M&A expert.

oil/gas

It is challenged like CPG-T in that there is excess capacity and not enough sales.  He can't comment on the merger as he is not an M&A expert.

oil/gas
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$4.180
Owned Owned
Unknown

TOP PICK

Merger is not popular with Raging River shareholders.  However, Baytex shareholders are saying it is a wonderful deal.  Have added a free cash flow machine in their Viking asset.   This name has been beaten down by Raging River shareholders.  The deal gets voted on mid August.  At $70 oil he has a $7.00 target and at $80 oil he has a $10.00 target. That is 60% to 130% upside.  (Analysts’ price target is $6.00)

oil/gas

Merger is not popular with Raging River shareholders.  However, Baytex shareholders are saying it is a wonderful deal.  Have added a free cash flow machine in their Viking asset.   This name has been beaten down by Raging River shareholders.  The deal gets voted on mid August.  At $70 oil he has a $7.00 target and at $80 oil he has a $10.00 target. That is 60% to 130% upside.  (Analysts’ price target is $6.00)

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.290
Owned Owned
Yes

DON'T BUY

They are making the acquisition of Raging River (RRX-T).  Raging River will control the merged company afterwards.  BTE-T has had quite a few problems.  Both stocks reacted negatively when the deal was announced so he would stay away from it.

oil/gas

They are making the acquisition of Raging River (RRX-T).  Raging River will control the merged company afterwards.  BTE-T has had quite a few problems.  Both stocks reacted negatively when the deal was announced so he would stay away from it.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.280
Owned Owned
Unknown

DON'T BUY

They got themselves in trouble when they over paid for an acquisition.  This one has a hill to climb so it is a question of how long you are prepared to wait it out.  Ultimately you will be rewarded.  There are better names to invest in, however.

oil/gas

They got themselves in trouble when they over paid for an acquisition.  This one has a hill to climb so it is a question of how long you are prepared to wait it out.  Ultimately you will be rewarded.  There are better names to invest in, however.

oil/gas
Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$4.370
Owned Owned
Unknown

COMMENT

Bought Raging River, multiple is in line, and they have decent growth. Market thinks they overpaid for Raging River, but if you buy good rocks, you’re going to get a good result.

oil/gas

Bought Raging River, multiple is in line, and they have decent growth. Market thinks they overpaid for Raging River, but if you buy good rocks, you’re going to get a good result.

oil/gas
Scott Willis

Head of Re, Grizzle...

Price Price
$4.370
Owned Owned
Unknown

DON'T BUY

RRX-X amalgamation.  Both went down when they announced the merger.  This is unusual.  There are a lot of costs involved in a merger for a quarter or three.  He does not like all-paper transactions.  

oil/gas

RRX-X amalgamation.  Both went down when they announced the merger.  This is unusual.  There are a lot of costs involved in a merger for a quarter or three.  He does not like all-paper transactions.  

oil/gas
Benj Gallander

President, Contra the Heard Inv...

Price Price
$4.220
Owned Owned
Unknown

DON'T BUY

BTE-T vs. RRX-T.  RRX-T has been taken out by BTE-T.  One analyst says you will now own a company with a much higher debt.  BTE-T is a zombie company because of debt.  78% debt to equity last time he talked about it.  After the deal RRX-T will have a huge increase in production.  If you believe in $80 oil by year end then this a good leveraged play on oil.  He thinks we will below $60, the problem is that this stock is too levered.  It will be at 75% debt to equity.  The market is voting negatively on the deal.

oil/gas

BTE-T vs. RRX-T.  RRX-T has been taken out by BTE-T.  One analyst says you will now own a company with a much higher debt.  BTE-T is a zombie company because of debt.  78% debt to equity last time he talked about it.  After the deal RRX-T will have a huge increase in production.  If you believe in $80 oil by year end then this a good leveraged play on oil.  He thinks we will below $60, the problem is that this stock is too levered.  It will be at 75% debt to equity.  The market is voting negatively on the deal.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.470
Owned Owned
Unknown

TOP PICK

Texas and heavy oil in Canada.  Their price for oil is more linked to Louisiana than to Canada.  (Analysts’ target: $6.09).

oil/gas

Texas and heavy oil in Canada.  Their price for oil is more linked to Louisiana than to Canada.  (Analysts’ target: $6.09).

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.480
Owned Owned
Yes

COMMENT

Baytex versus HMMJ. There is no correlation between these two.  BTE-T looks fine technically as he thinks WTI should return back above $70 before year end.  The recent breakout is positive, especially since it was basing around $3.50.  He does not understand the cannabis market, so can’t render an opinion.  “You can’t make an iPhone in your basement, but you can grow marijuana.”  He thinks demand is already met, so he would only hold a small lot of HMMJ-T to talk about at cocktail parties.       

oil/gas

Baytex versus HMMJ. There is no correlation between these two.  BTE-T looks fine technically as he thinks WTI should return back above $70 before year end.  The recent breakout is positive, especially since it was basing around $3.50.  He does not understand the cannabis market, so can’t render an opinion.  “You can’t make an iPhone in your basement, but you can grow marijuana.”  He thinks demand is already met, so he would only hold a small lot of HMMJ-T to talk about at cocktail parties.       

oil/gas
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$5.450
Owned Owned
_N/A

PAST TOP PICK

(A Top Pick June 1/17, Up 7%) BAYTEX BOND 6.625% A bond that offers a return like a stock. In 2014, Baytext stock got hammered and the bonds got hurt too when oil plunged. That was an opportunity and he's done well by this. Compared to the Baytex stock which is tied to oil's ups and downs, the bond is a quiet ride that enjoys an 8% return.

oil/gas

(A Top Pick June 1/17, Up 7%) BAYTEX BOND 6.625% A bond that offers a return like a stock. In 2014, Baytext stock got hammered and the bonds got hurt too when oil plunged. That was an opportunity and he's done well by this. Compared to the Baytex stock which is tied to oil's ups and downs, the bond is a quiet ride that enjoys an 8% return.

oil/gas
Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$5.400
Owned Owned
Unknown

COMMENT

One of the heavy oil producers. They made an acqusition of Aurora at the wrong time, so they got stuck with bad oil prices and wound up with a rocky balance sheet. The oil differentials have recently narrowed in their favour, but analysts expect them to expand back over the summer. The balance sheet has improved.

oil/gas

One of the heavy oil producers. They made an acqusition of Aurora at the wrong time, so they got stuck with bad oil prices and wound up with a rocky balance sheet. The oil differentials have recently narrowed in their favour, but analysts expect them to expand back over the summer. The balance sheet has improved.

oil/gas
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$5.370
Owned Owned
Unknown

Showing 1 to 15 of 530 entries
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4 Comments

nagendra4

July 1st 2017 at 8:42am

I bought the stock as a play out to oil recovery. Given no significant long term debt due before 2021, it provides huge upside. Management has done an excellent job in cutting cost and living within means. Company has got some exciting assets.

nagendra4

July 1st 2017 at 8:44am

I bought the stock as a play out to oil recovery. Given no significant long term debt due before 2021, it provides huge upside. Management has done an excellent job in cutting cost and living within means. Company has got some exciting assets.

tigerbenson741@gmail.com

June 21st 2018 at 2:06pm

aplus_independent_financial@hotmail.com In case of an email

http://aplusindependentfinancial.mw.lt/

+1 347 450 3342 Call, text or write on whatsapp for fundraising n debts pAy Off. Business Loans

tigerbenson741@gmail.com

June 21st 2018 at 2:06pm

aplus_independent_financial@hotmail.com In case of an email

http://aplusindependentfinancial.mw.lt/

+1 347 450 3342 Call, text or write on whatsapp for fundraising n debts pAy Off. Business Loans


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