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Baytex Energy Corp (BTE-T)

ON STOCKCHASE SINCE Sep 2003

oil/gas

Baytex Energy Corp
BTE-T

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What the experts are saying about BTE-T

Signal	Opinion	Expert
DON'T BUY	Baytex Energy Corp(BTE-T) April 18, 2019 Not a fan. Debt level is high at 69%. Narrowing differentials is helping. Management increased its pay package, even though stock is on sale at 2 for 1. This isn't right. When you get your proxy, take a stand and make your vote count. oil/gas 0 0 0 0 0 0 comments	Not a fan. Debt level is high at 69%. Narrowing differentials is helping. Management increased its pay package, even though stock is on sale at 2 for 1. This isn't right. When you get your proxy, take a stand and make your vote count. oil/gas 0 0 0 0 0 0 comments Josef Schachter President, Schachter Asset Mana... Price $2.800 Owned No

DON'T BUY	Baytex Energy Corp(BTE-T) April 16, 2019 He has a $4.50 target but this pays no dividend. Has owned this in the past. He avoids Canadian oil companies given the lack of capacity, owning only 6% oil mostly outside Canada through the HPF-T. That said, we've seen a rebound in oil prices. oil/gas 0 0 0 0 0 0 comments	He has a $4.50 target but this pays no dividend. Has owned this in the past. He avoids Canadian oil companies given the lack of capacity, owning only 6% oil mostly outside Canada through the HPF-T. That said, we've seen a rebound in oil prices. oil/gas 0 0 0 0 0 0 comments Jaime Carrasco Portfolio , Canaccord Genuity... Price $2.805 Owned No
HOLD	Baytex Energy Corp(BTE-T) March 7, 2019 It's caught in the Canadian oil stock downturn. They cut the dividend. They hold big assets in Texas shale, so there's opportunity there. But the chart shows no sign of perking up. Maybe higher oil prices will help. oil/gas 0 0 0 0 0 0 comments	It's caught in the Canadian oil stock downturn. They cut the dividend. They hold big assets in Texas shale, so there's opportunity there. But the chart shows no sign of perking up. Maybe higher oil prices will help. oil/gas 0 0 0 0 0 0 comments David Cockfield Managing D, Northland Wealth Man... Price $2.250 Owned Unknown
DON'T BUY	Baytex Energy Corp(BTE-T) March 1, 2019 This is a Canadian energy company. They made an acquisition in the US unfortunately at the top of the cycle. He does not own highly levered oil and gas companies. There are others that are much more attractive. He prefers clean balance sheets. oil/gas 0 0 0 0 0 0 comments	This is a Canadian energy company. They made an acquisition in the US unfortunately at the top of the cycle. He does not own highly levered oil and gas companies. There are others that are much more attractive. He prefers clean balance sheets. oil/gas 0 0 0 0 0 0 comments Lyle Stein Sr. Portfo, Vestcap Investment M... Price $2.420 Owned No
DON'T BUY	Baytex Energy Corp(BTE-T) February 11, 2019 In 2015, it traded at $40. At $2 today, he doesn't know what to say about BTE. Its balance sheet is okay, but its intrinsic value is plunging to the dumpster; its balance sheet has been in a four-year decline. He can't say to abandon ship though he can see the stock going lower. The oil patch in general: at least 20 Canadian oil stocks are in the same boat. Either there will be some bankruptcies or the stocks are so cheap we can get one heck of a rally, rising 100-200% quickly. oil/gas 0 0 0 0 0 0 comments	In 2015, it traded at $40. At $2 today, he doesn't know what to say about BTE. Its balance sheet is okay, but its intrinsic value is plunging to the dumpster; its balance sheet has been in a four-year decline. He can't say to abandon ship though he can see the stock going lower. The oil patch in general: at least 20 Canadian oil stocks are in the same boat. Either there will be some bankruptcies or the stocks are so cheap we can get one heck of a rally, rising 100-200% quickly. oil/gas 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $2.040 Owned Unknown
TOP PICK	Baytex Energy Corp(BTE-T) January 25, 2019 Has been massively under performing the move on WTI. If you believe $60 WTI, this is a $4 share price, he thinks. You are paying for their existing production, not including future growth or value for their Eagleford assets. They are trading like a bankrupt company. Yield 0%. (Analysts’ price target is $3.77) oil/gas 0 0 0 0 0 0 comments	Has been massively under performing the move on WTI. If you believe $60 WTI, this is a $4 share price, he thinks. You are paying for their existing production, not including future growth or value for their Eagleford assets. They are trading like a bankrupt company. Yield 0%. (Analysts’ price target is $3.77) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $2.230 Owned Unknown
DON'T BUY	Baytex Energy Corp(BTE-T) January 24, 2019 Light oil companies will benefit more from an advance in oil price to $70+ this year. He is concerned, though about the balance sheet here and would pass on it. In a couple of years, all these stocks will go up, however. There are other bargains out there, especially natural gas picks. oil/gas 0 0 0 0 0 0 comments	Light oil companies will benefit more from an advance in oil price to $70+ this year. He is concerned, though about the balance sheet here and would pass on it. In a couple of years, all these stocks will go up, however. There are other bargains out there, especially natural gas picks. oil/gas 0 0 0 0 0 0 comments Josef Schachter President, Schachter Asset Mana... Price $2.180 Owned Unknown
SPECULATIVE BUY	Baytex Energy Corp(BTE-T) January 2, 2019 Too much debt, making acqusitions, and need to fix the balance sheet. The current $2.50 price is too low, though. They are oil-levered, so if oil recovers, you can make a lot of money with BTE. He predicts oil going to $50-60. oil/gas 0 0 0 0 0 0 comments	Too much debt, making acqusitions, and need to fix the balance sheet. The current $2.50 price is too low, though. They are oil-levered, so if oil recovers, you can make a lot of money with BTE. He predicts oil going to $50-60. oil/gas 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $2.450 Owned Unknown
WEAK BUY	Baytex Energy Corp(BTE-T) December 31, 2018 He would have thought the bottom was higher than this. They did some great acquisitions recently and are in much better shape balance sheet wise. It is a better company than the market gives it credit for. You need crude to get out of the $45 range. oil/gas 0 0 0 0 0 0 comments	He would have thought the bottom was higher than this. They did some great acquisitions recently and are in much better shape balance sheet wise. It is a better company than the market gives it credit for. You need crude to get out of the $45 range. oil/gas 0 0 0 0 0 0 comments John Zechner Chairman, J. Zechner & Assoc... Price $2.410 Owned Unknown
DON'T BUY	Baytex Energy Corp(BTE-T) December 31, 2018 Oil forecast? Used to have a great a balance sheet then levered up at the wrong time to make an acquisition around 2014. It takes a long time to unwind. Some say you can get great torque on BTE, because an upside in oil means an upside in earnings, but it's not worth the risk. Oil price is a little cheap now, so you can dip a toe into oil now. But look for good balance sheets in a company. It's rough to see the WCS differential so wide, but the reason is the lack of pipelines. Things can't get worse, but it can go away as soon as you start building pipelines. Also, demand growth in oil is okay actually. oil/gas 0 0 0 0 0 0 comments	Oil forecast? Used to have a great a balance sheet then levered up at the wrong time to make an acquisition around 2014. It takes a long time to unwind. Some say you can get great torque on BTE, because an upside in oil means an upside in earnings, but it's not worth the risk. Oil price is a little cheap now, so you can dip a toe into oil now. But look for good balance sheets in a company. It's rough to see the WCS differential so wide, but the reason is the lack of pipelines. Things can't get worse, but it can go away as soon as you start building pipelines. Also, demand growth in oil is okay actually. oil/gas 0 0 0 0 0 0 comments Chris Stuchberr Portfolio , Wellington-Altus Pri... Price $2.410 Owned Unknown
COMMENT	Baytex Energy Corp(BTE-T) December 27, 2018 World oil demand is still growing, so he's not concerned about the future of oil. That said, he'd own the lower-cost oil companies. BTE is well-run, but at the whims of the oil price. If that price is flat in coming years, look at other oil companies. oil/gas 0 0 0 0 0 0 comments	World oil demand is still growing, so he's not concerned about the future of oil. That said, he'd own the lower-cost oil companies. BTE is well-run, but at the whims of the oil price. If that price is flat in coming years, look at other oil companies. oil/gas 0 0 0 0 0 0 comments Jamie Murray Head of re, Murray Wealth Group... Price $2.090 Owned Unknown
TOP PICK	Baytex Energy Corp(BTE-T) December 14, 2018 This offers great leverage to higher oil prices and tighter heavy oil differentials.. Over 37% of their cash flow comes from the Eagleford and have enormous exposure to the Duvernay. The value of this asset is in excess of the share price. It has had enormous tax loss selling recently, so it has great upside. At $60 WTI prices, he gets about a $4 share price. Yield 0%. (Analysts’ price target is $5.09) oil/gas 0 0 0 0 0 0 comments	This offers great leverage to higher oil prices and tighter heavy oil differentials.. Over 37% of their cash flow comes from the Eagleford and have enormous exposure to the Duvernay. The value of this asset is in excess of the share price. It has had enormous tax loss selling recently, so it has great upside. At $60 WTI prices, he gets about a $4 share price. Yield 0%. (Analysts’ price target is $5.09) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $2.370 Owned Yes
BUY	Baytex Energy Corp(BTE-T) December 13, 2018 As long as you believe that energy prices have to trade at some level above marginal cost globally, this company is a good purchase here. Well funded. Trading at 3 times normalized earnings. Everybody hates it. International investors are not coming to Canada as long as they don't see we can work as a country and sell our product and find more of it. oil/gas 0 0 0 0 0 0 comments	As long as you believe that energy prices have to trade at some level above marginal cost globally, this company is a good purchase here. Well funded. Trading at 3 times normalized earnings. Everybody hates it. International investors are not coming to Canada as long as they don't see we can work as a country and sell our product and find more of it. oil/gas 0 0 0 0 0 0 comments John O'Connell, Chairman a, Davis Rea... Price $2.450 Owned Unknown
COMMENT	Baytex Energy Corp(BTE-T) December 10, 2018 The energy sector has had its problems, including Baytex. They have very good properties, but margins are thin given the oil price. For energy as a whole, you'll have to wait a long time to find value. oil/gas 0 0 0 0 0 0 comments	The energy sector has had its problems, including Baytex. They have very good properties, but margins are thin given the oil price. For energy as a whole, you'll have to wait a long time to find value. oil/gas 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $2.310 Owned Unknown
HOLD	Baytex Energy Corp(BTE-T) November 30, 2018 Real problem with energy and its stocks is that the psychology is totally negative. Until we see the horizon clear with oil price and supply, be very cautious about putting money in. If you hold it, you can continue to do so. (Analysts’ price target is $5.63) oil/gas 0 0 0 0 0 0 comments	Real problem with energy and its stocks is that the psychology is totally negative. Until we see the horizon clear with oil price and supply, be very cautious about putting money in. If you hold it, you can continue to do so. (Analysts’ price target is $5.63) oil/gas 0 0 0 0 0 0 comments David Cockfield Managing D, Northland Wealth Man... Price $2.460 Owned Yes

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