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Baytex Energy Corp

BTE-T

TSE:BTE

2.05
0.16 (7.24%)
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

Analysis and Opinions about BTE-T

Signal
Opinion
Expert
Chart
BUY
BUY
July 30, 2021

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.

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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.

Eric Nuttall
Price
$2.140
Owned
Yes
COMMENT
COMMENT
July 6, 2021

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.

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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.

Dennis da Silva
Price
$2.420
Owned
Unknown
TOP PICK
TOP PICK
May 28, 2021
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)
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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)
Eric Nuttall
Price
$1.840
Owned
Yes
BUY
BUY
April 30, 2021

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.

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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.

Eric Nuttall
Price
$1.485
Owned
Yes
DON'T BUY
DON'T BUY
April 16, 2021
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.
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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.
Greg Newman
Price
$1.300
Owned
No
PAST TOP PICK
PAST TOP PICK
February 9, 2021
(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.
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Baytex Energy Corp (BTE-T)
February 9, 2021
(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.
Eric Nuttall
Price
$1.020
Owned
Yes
COMMENT
COMMENT
February 8, 2021
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.
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Baytex Energy Corp (BTE-T)
February 8, 2021
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.
Jamie Murray
Price
$0.990
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 11, 2020
(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.
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Baytex Energy Corp (BTE-T)
December 11, 2020
(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.
Eric Nuttall
Price
$0.810
Owned
No
PAST TOP PICK
PAST TOP PICK
November 20, 2020

(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.

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Baytex Energy Corp (BTE-T)
November 20, 2020

(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.

Eric Nuttall
Price
$0.640
Owned
No
RISKY BUY
RISKY BUY
November 11, 2020
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.
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Baytex Energy Corp (BTE-T)
November 11, 2020
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.
Greg Newman
Price
$0.540
Owned
Unknown
DON'T BUY
DON'T BUY
October 16, 2020

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.

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Baytex Energy Corp (BTE-T)
October 16, 2020

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.

Eric Nuttall
Price
$0.470
Owned
No
DON'T BUY
DON'T BUY
September 18, 2020
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.
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Baytex Energy Corp (BTE-T)
September 18, 2020
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.
Eric Nuttall
Price
$0.580
Owned
No
PAST TOP PICK
PAST TOP PICK
July 13, 2020

(A Top Pick Sep 09/19, Down 63%) When he picked this last year, he projected $60 oil and Baytex was paying down debt and buying back stock. He took the hit, selling it, and moved on. He'd rather be in pipelines or low-cost producers like Suncor or Tourmaline. Energy stocks have run a little ahead of the fundamentals now. Few energy companies are making money now in Canada or the U.S. Oil may any fall back into the $30s/barrel.

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(A Top Pick Sep 09/19, Down 63%) When he picked this last year, he projected $60 oil and Baytex was paying down debt and buying back stock. He took the hit, selling it, and moved on. He'd rather be in pipelines or low-cost producers like Suncor or Tourmaline. Energy stocks have run a little ahead of the fundamentals now. Few energy companies are making money now in Canada or the U.S. Oil may any fall back into the $30s/barrel.

John Zechner
Price
$0.700
Owned
No
BUY WEAKNESS
BUY WEAKNESS
June 19, 2020
Speculative buy you thought? If you are bullish on oil, it can be a good buy. He sold it at $0.34 so he could buy others that did not have the same financial risk. He bought it back at $0.40 before the rally up. He sold it after making 100% in a week. There will be a time and a price that it will make sense, but he is not sharing when that will be again.
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Speculative buy you thought? If you are bullish on oil, it can be a good buy. He sold it at $0.34 so he could buy others that did not have the same financial risk. He bought it back at $0.40 before the rally up. He sold it after making 100% in a week. There will be a time and a price that it will make sense, but he is not sharing when that will be again.
Eric Nuttall
Price
$0.650
Owned
No
PAST TOP PICK
PAST TOP PICK
May 15, 2020
(A Top Pick Jul 19/19, Down 80%) A good reminder it is not how you start the year, but how you finish. He thinks energy prices will recover before year end. He no longer owns it. They had higher leverage than its peers. Their non-operated crown jewel is in the Eagleford. He thinks that became a knock against them as well. He has become more of bull on Canadian energy producers now.
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(A Top Pick Jul 19/19, Down 80%) A good reminder it is not how you start the year, but how you finish. He thinks energy prices will recover before year end. He no longer owns it. They had higher leverage than its peers. Their non-operated crown jewel is in the Eagleford. He thinks that became a knock against them as well. He has become more of bull on Canadian energy producers now.
Eric Nuttall
Price
$0.375
Owned
No
Showing 1 to 15 of 618 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

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. 6 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Eric Nuttall on 2021-07-30. 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 2021-08-04, Baytex Energy Corp (BTE-T) stock closed at a price of $2.05.