PAST TOP PICK
Baytex Energy Corp
(A Top Pick Aug 12/22, Down 34%)

His thesis is that it's the meaningful return of capital that will drive the rerating of share price. Ranger acquisition was 19% free cashflow per share accretive. Deal will close in 3 weeks, and they'll initiate modest dividend and start buying back stock. Deep value due to Ranger being misunderstood and backed by private equity.

He keeps adding. Meaningful upside. Multi-bagger potential, but you have to get past the overhang.

oil / gas
BUY
Baytex Energy Corp

Highly leveraged to oil. Price of oil has been weak, but the outlook is better and BTE should enjoy some of that. Pipeline to Vancouver will benefit. Profitable. Comfortable holding or buying a bit more.

oil / gas
WAIT
Baytex Energy Corp

Look at a 10-year chart. Locked in a trading range for a while. Energy will be in a sideways trading range, dead money. Has potential to move to $15, but it won't be for a while, perhaps the end of 2024.

oil / gas
HOLD
Baytex Energy Corp

Big acquisition recently. He likes it, market doesn't. Energy has seen a big push for dividends, free cashflow, and return of capital. An acquisition may be sound strategically, but many investors don't like taking on any kind of debt. Will manage balance sheet prudently. Decent returns at current oil prices. See his Top Picks.

oil / gas
RISKY
Baytex Energy Corp
Buying Ranger Oil good?

It all depends on execution. What does the overall asset quality end up being? Depth of inventory? What happens to commodity prices? At 82% of enterprise value, this is a very big deal for them. A show-me story. Cheaper than peers. Nice production and 9% cashflow per share share growth, which is slightly ahead of the group. 

Likes it, but safer bets elsewhere.

oil / gas
TOP PICK
Baytex Energy Corp

Ranger acquisition (Ranger Oil) misunderstood by the market.
Believes deal is accretive on a per-share basis. 
CEO recently buying back stock himself.
$70 oil would equate to $700 million in free cash flow.
Bough 4mm shares last week.
Has ownership in Clearwater play - the most economic play in North America.

oil / gas
SELL
Baytex Energy Corp

Looking at the chart, pretty big runup since the pandemic. Most energy stocks have had a sideways consolidation over the last year or so. Oil likely to move lower and be in a sideways, choppy trading range. Easy money's been made.

oil / gas
BUY ON WEAKNESS
Baytex Energy Corp

Recent US acquisition will be hard to digest.
"Show me" stock that has yet to prove itself.
Time will tell whether acquisition will pay itself out.
Wait to buy.



oil / gas
WATCH
Baytex Energy Corp
Just bought Ranger Oil for $3.4 billion

It has run up 62% in the past 5 years, so maybe leave it for now till it settles. Shares have done very well. There's not much ahead for a company growing a lot. Wait for the dust to settle.

oil / gas
BUY
Baytex Energy Corp

Largest shareholder of company.
Expects shares to rise to $20 (believes fair price of shares).
Increasing production in Eagle Ford play.
Currently drilled top 15 of all Clearwater oil wells.
Expecting debt to reach target level by Q2.
Has pledged to return 50% of free cash flow yield.
Expecting a 12-20% dividend yield.
Currently mis -priced shares.


oil / gas
TOP PICK
Baytex Energy Corp

Found new religion in terms of paying down debt. Better growth assets and more light oil assets. Returning money to shareholders. Growth, low valuation, leveraged to oil, more shareholder friendly. No dividend.

(Analysts’ price target is $8.32)
oil / gas
TOP PICK
Baytex Energy Corp
New CEO is capable and market friendly. Potential to expand Eagleford potential. Clearwater exposure with strong free cash flow yield. Interest falling off the company which creates a buying opportunity. Expecting $20 share price assuming $100 oil. Company is very focused on paying down debt.
oil / gas
TOP PICK
Baytex Energy Corp
Believes company is executing business plan well. Company has 15 out of the top 15 Clearwater oil wells. Trading at 2x cash flow which presents a good buying opportunity. Expecting large share buybacks going forward.
oil / gas
TOP PICK
Baytex Energy Corp
Good exposure to the Clearwater play and very economic heavy oil. It is committed to returning much of free cash flow to shareholders in buybacks. Has 40% free cash flow upside. The wells in Alberta are cheap to build and are very productive. Fair value should be $19 per share, a 186% potential upside. Buy 3, Hold 8, Sell 0 (Analysts’ price target is $8.89)
oil / gas
RISKY
Baytex Energy Corp
Now is a good entry point into this stock, but he's nervous about the direction of energy as we face a possible recession. If you're long term, hold. You can add but if this declines.
oil / gas
Showing 1 to 15 of 650 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 9

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, 9 stock analysts published opinions about BTE-T. 7 analysts recommended to BUY the stock. 1 analyst 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?

9 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 2023-06-01, Baytex Energy Corp (BTE-T) stock closed at a price of $4.43.