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

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Baytex Energy Corp

BTE-T

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Baytex Energy Corp (BTE-T) SAVE Apr, 19, 2019, 7:40 am

2.80 0.05 (1.75%)

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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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.
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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.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$2.800
Owned 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.
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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.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$2.805
Owned Owned
No

HOLD
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.
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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.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$2.250
Owned Owned
Unknown

DON'T BUY
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.
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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.
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$2.420
Owned 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.
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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.
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$2.040
Owned 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)
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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)
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.230
Owned 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.
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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.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$2.180
Owned 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.
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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.
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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$2.450
Owned 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.
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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.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$2.410
Owned 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.
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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.
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$2.410
Owned 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.
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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.
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Jamie Murray

Head of re, Murray Wealth Group...

Price Price
$2.090
Owned 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)
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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)
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.370
Owned 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.

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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.

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John O'Connell,

Chairman a, Davis Rea...

Price Price
$2.450
Owned 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.
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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.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$2.310
Owned 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)
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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 Price
$2.460
Owned Owned
Yes

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