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Showing 1 to 15 of 621 entries
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has had a huge run with the sector. If oil goes higher, investors may not care about its debt levels. Leveraged so it will do better in a rally since risk gets reduced with higher cash flow. The stock will likely do extremely well if the oil price continues to rise. Unlock Premium - Try 5i Free

oil / gas
BUY
Should see good returns in Q1 of next year. Has done a good job of pivoting asset base from okay assets to good assets. Clearwater play is the most economic well in Canada. Has reinvigorated interest. Multiple expansion will help them.
oil / gas
BUY
Upside expected by analysts is $3. Should do well. It is free cashflow positive and does not yet pay a dividend. Has generated a quarter billion in free cashflow. Analysts expect 40% upside.
oil / gas
BUY

A great small cap pick. Did well with getting a deal with the Metis for their play. Needs the Clearwater play to bring interest. Leverage is too high so this play will help them. Theoretically a 90% upside.

oil / gas
COMMENT

It gives you leverage to WTI oil. About 25% of their production is heavy oil. Like many oil companies in 2021-22, BTE is reducing debt as we caught in 2020 with too much debt. What hinders their upside is that they've hedged a lot of their production--50% of it is capped at US$52 per barrel. BTE still falls in the top 20% of beta to WTI upside, but not as much as a heavy oil producer like Meg Energy. Could oil stocks return to highs 4 years ago? Anything is possible, he supposes, but he doesn't think the market will go to highs until investors see more stability or concrete outlook in the oil market in the next 12-24 months.

oil / gas
TOP PICK
Off most people's radar. Has had success in the Clearwater area. The well has come on very strong. Good economics. Oil prices is fixing their leverage problem and the new well might fix their inventory problem. Trading at 2.7x cashflow at $70 oil. Could privatize themselves in 2 years from free cashflow. Very inexpensive. 4x multiple at $70, which is $3.70 share price target. (Analysts’ price target is $1.91)
oil / gas
BUY

Established a 6% weight at $1.28. The hope is their appraisal results from the Clearwater play is positive. Potential $440M potential de-risk value that is worth half the market cap. Most people are not aware they are pursuing this. An inefficient market where you can make profit. Trading at 3.5x next year enterprise to cash flow at $60 oil. Target multiple is 6x. At $70 oil, you can look forward to $3.60.

oil / gas
DON'T BUY
If oil stays up, Baytex can go with it. Their balance sheet is quite bloated compared to peers. They do not have production growth. The commodity side is growing cash flow but there are better plays.
oil / gas
PAST TOP PICK
(A Top Pick Feb 12/20, Down 33%) A higher-beta oil play. They have excess debt that they'll pay down this year with free cash flow. They have a good free cash flow yield. He targets $1.40-1.50 based on $60 oil. At $60, this is a free cash flow machine. The business model changes drastically from $50 to $60 oil. They need to pay down their debt.
oil / gas
COMMENT
They have US operations as well as Canada. These companies trade similarly over time and that is based on oil. You will get a lot of leverage to the upside with this one but it is dependant on the oil price.
oil / gas
PAST TOP PICK
(A Top Pick Dec 19/19, Down 52%) It continues to offer meaningful leverage for rising oil prices. They hedged off 50% of their oil exposure next year. He does not own this for this reason.
oil / gas
PAST TOP PICK

(A Top Pick Dec 19/19, Down 64%) It offers meaningful beta for increasing oil price. He thinks it will lag other names, especially since more and more investors favour MEG. He does not hold it.

oil / gas
RISKY BUY
People are tempted by the price in cents, but it's not actually that cheap. Net debt to cashflow is 9x, whereas you don't want to go beyond 3x. More of a trading stock.
oil / gas
DON'T BUY

There is debt load and the primary asset is not operated in Eagleford. The differentials have also shrank to 9$ today. The debt hurts them and the market does not believe in $50 oil. He would prefer MEG.

oil / gas
DON'T BUY
He sold it a few days ago. The amount of financial participants in the sector right now is a fraction of what it was in the past. There is financial leverage that dissuaded him from holding. There are more compelling opportunities.
oil / gas
Showing 1 to 15 of 621 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 11

Stockchase rating for Baytex Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Baytex Energy Corp(BTE-T) Frequently Asked Questions

What is Baytex Energy Corp stock symbol?

Baytex Energy Corp is a Canadian stock, trading under the symbol BTE-T on the Toronto Stock Exchange (BTE-CT). It is usually referred to as TSX:BTE or BTE-T

Is Baytex Energy Corp a buy or a sell?

In the last year, 11 stock analysts published opinions about BTE-T. 9 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Baytex Energy Corp.

Is Baytex Energy Corp a good investment or a top pick?

Baytex Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Baytex Energy Corp.

Why is Baytex Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Baytex Energy Corp worth watching?

11 stock analysts on Stockchase covered Baytex Energy Corp In the last year. It is a trending stock that is worth watching.

What is Baytex Energy Corp stock price?

On 2021-10-20, Baytex Energy Corp (BTE-T) stock closed at a price of $4.16.