Baytex Energy Corp

BTE-T

TSE:BTE

0.43
0.01 (2.41%)
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.
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Analysis and Opinions about BTE-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 3, 2020
(A Top Pick Apr 26/19, Down 85%) He sold out when oil prices dropped to the mid-$30s. He will own it again and likes their hedge book, which is 48% hedged. They luckily refinanced their debt out to 2027 just before the COVID crisis took hold.
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(A Top Pick Apr 26/19, Down 85%) He sold out when oil prices dropped to the mid-$30s. He will own it again and likes their hedge book, which is 48% hedged. They luckily refinanced their debt out to 2027 just before the COVID crisis took hold.
DON'T BUY
DON'T BUY
March 10, 2020
Low price momentum, volatile and a stressed balance sheet.
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Low price momentum, volatile and a stressed balance sheet.
PAST TOP PICK
PAST TOP PICK
March 6, 2020
(A Top Pick Apr 26/19, Down 59%) They are predominately light and heavy oil production. They refinanced their debt out to 2027. The balance sheet leverage is a little high, but they do not face any issues for years to come now. They are 46% hedged this year. They are fully funded down to $47 oil for the year.
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(A Top Pick Apr 26/19, Down 59%) They are predominately light and heavy oil production. They refinanced their debt out to 2027. The balance sheet leverage is a little high, but they do not face any issues for years to come now. They are 46% hedged this year. They are fully funded down to $47 oil for the year.
TOP PICK
TOP PICK
February 12, 2020
The balance sheet is better now that they have rolled out debt to 2027. It trades at 3.5 times cash flow and offers a 28% free cash flow yield. They are 50% hedged at $76 Canadian oil pricing. Good exposure to the Eagleford play as well along with Canadian heavy oil. Yield 0% (Analysts’ price target is $2.88)
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Baytex Energy Corp (BTE-T)
February 12, 2020
The balance sheet is better now that they have rolled out debt to 2027. It trades at 3.5 times cash flow and offers a 28% free cash flow yield. They are 50% hedged at $76 Canadian oil pricing. Good exposure to the Eagleford play as well along with Canadian heavy oil. Yield 0% (Analysts’ price target is $2.88)
PAST TOP PICK
PAST TOP PICK
February 10, 2020
(A Top Pick Jul 15/19, Down 28%) Any oil stock has been crushed. It's a good sign that oil companies are buying back shares, but shareholders don't care.
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Baytex Energy Corp (BTE-T)
February 10, 2020
(A Top Pick Jul 15/19, Down 28%) Any oil stock has been crushed. It's a good sign that oil companies are buying back shares, but shareholders don't care.
SPECULATIVE BUY
SPECULATIVE BUY
February 7, 2020
An oil and gas company with $800 million market cap. Cash flow estimates for 2021 are almost equal to the share price presently. Analysts are revising their earnings estimates upward. At today's price this could be a good holding if oil prices can stay above $50 per barrel. He does not follow this company closely.
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Baytex Energy Corp (BTE-T)
February 7, 2020
An oil and gas company with $800 million market cap. Cash flow estimates for 2021 are almost equal to the share price presently. Analysts are revising their earnings estimates upward. At today's price this could be a good holding if oil prices can stay above $50 per barrel. He does not follow this company closely.
DON'T BUY
DON'T BUY
January 27, 2020
The downtrend is still going, though there are a lot of energy stocks like this. We're in the ballpark to its 2016 low. There are better names in the energy space.
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Baytex Energy Corp (BTE-T)
January 27, 2020
The downtrend is still going, though there are a lot of energy stocks like this. We're in the ballpark to its 2016 low. There are better names in the energy space.
DON'T BUY
DON'T BUY
January 14, 2020

A leveraged play on crude oil prices. She owns no energy stocks, because she wants to see clarity on takeaway capacity from Alberta. BTE will follow the price of oil. CNQ and Suncor are the better oil names.

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Baytex Energy Corp (BTE-T)
January 14, 2020

A leveraged play on crude oil prices. She owns no energy stocks, because she wants to see clarity on takeaway capacity from Alberta. BTE will follow the price of oil. CNQ and Suncor are the better oil names.

DON'T BUY
DON'T BUY
January 10, 2020
Energy? He is not a big believer in entering energy yet. The market is totally different than it was five years ago. The world is finding more oil than ever. The Chinese are the biggest buyer of energy now and he does not trust how they have created a Shanghai index for oil and gold. Terrorist activity in the Middle East does not impact the price like it once did. He is staying away from energy as a whole. Baytex has fallen to such a discount, he thinks the market does not trust the sustainability of the balance sheet. He thinks this will come in the form of reserve right downs. His model price for the share price is $0.60.
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Baytex Energy Corp (BTE-T)
January 10, 2020
Energy? He is not a big believer in entering energy yet. The market is totally different than it was five years ago. The world is finding more oil than ever. The Chinese are the biggest buyer of energy now and he does not trust how they have created a Shanghai index for oil and gold. Terrorist activity in the Middle East does not impact the price like it once did. He is staying away from energy as a whole. Baytex has fallen to such a discount, he thinks the market does not trust the sustainability of the balance sheet. He thinks this will come in the form of reserve right downs. His model price for the share price is $0.60.
DON'T BUY
DON'T BUY
January 7, 2020
Now, we're seeing a slight breakout from a base. January is volatile for oil stocks. Feb. 25 to May 9 is oil's seasonality. He prefers the oil large-caps though. He wouldn't consider BTE until seasonality.
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Now, we're seeing a slight breakout from a base. January is volatile for oil stocks. Feb. 25 to May 9 is oil's seasonality. He prefers the oil large-caps though. He wouldn't consider BTE until seasonality.
BUY
BUY
December 20, 2019
It’s one of the junior stocks that he continues to like. It’s trading significantly below book value. The company has good assets in shale in Texas. It continues to pay down debt and deploy capital better. A well managed company.
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Baytex Energy Corp (BTE-T)
December 20, 2019
It’s one of the junior stocks that he continues to like. It’s trading significantly below book value. The company has good assets in shale in Texas. It continues to pay down debt and deploy capital better. A well managed company.
PAST TOP PICK
PAST TOP PICK
December 19, 2019
(A Top Pick Dec 14/18, Down 28%) It has fallen off the radar screen. Their balance sheet is not as precarious as people think.
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Baytex Energy Corp (BTE-T)
December 19, 2019
(A Top Pick Dec 14/18, Down 28%) It has fallen off the radar screen. Their balance sheet is not as precarious as people think.
TOP PICK
TOP PICK
December 19, 2019
It has under-performed the oil price by 60%. It is higher than a 20% free cash flow yield. They plan to harvest free cash flow to pay down debt. He hopes they will then buy back stock. (Analysts’ price target is $2.97)
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Baytex Energy Corp (BTE-T)
December 19, 2019
It has under-performed the oil price by 60%. It is higher than a 20% free cash flow yield. They plan to harvest free cash flow to pay down debt. He hopes they will then buy back stock. (Analysts’ price target is $2.97)
BUY
BUY
December 10, 2019
Oil 2020 outlook He's bullish oil, given OPEC production cuts. The perception of BTE is heavily levered, heavy oil, but they actually have 60% production in Permian light oil. The balance sheet is much better now after paying down debt, dropping to 2x debt-to-cash flow. They could buyback shares. He's added to this recently. Tax-loss selling and the flight of capital have pressured oil stocks. He expects a bounce to come, but doesn't know when. Eventually, rationality comes to markets. Oil stocks boasts 20% free cash flow yield--you should make money on these at some point. When, he doesn't know, but the situation looks better now.
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Baytex Energy Corp (BTE-T)
December 10, 2019
Oil 2020 outlook He's bullish oil, given OPEC production cuts. The perception of BTE is heavily levered, heavy oil, but they actually have 60% production in Permian light oil. The balance sheet is much better now after paying down debt, dropping to 2x debt-to-cash flow. They could buyback shares. He's added to this recently. Tax-loss selling and the flight of capital have pressured oil stocks. He expects a bounce to come, but doesn't know when. Eventually, rationality comes to markets. Oil stocks boasts 20% free cash flow yield--you should make money on these at some point. When, he doesn't know, but the situation looks better now.
PAST TOP PICK
PAST TOP PICK
November 15, 2019
(A Top Pick Nov 16/18, Down 38%) Multiples have contracted to 3 times cash flow. It is not that their cash flow has shrunk, it is just that investors are not willing to pay historical values. It has lost some of its credibility. It trades at 17% free cash flow yield at $55 oil. The company has 4 years of reserves that are currently flowing. Their holding in the Duvernay, is a commanding position. A large holding for him.
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Baytex Energy Corp (BTE-T)
November 15, 2019
(A Top Pick Nov 16/18, Down 38%) Multiples have contracted to 3 times cash flow. It is not that their cash flow has shrunk, it is just that investors are not willing to pay historical values. It has lost some of its credibility. It trades at 17% free cash flow yield at $55 oil. The company has 4 years of reserves that are currently flowing. Their holding in the Duvernay, is a commanding position. A large holding for him.
Showing 1 to 15 of 602 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 10

Total Signals / Votes : 26

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, 26 stock analysts published opinions about BTE-T. 16 analysts recommended to BUY the stock. 10 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 2020-04-03. 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?

26 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 2020-04-08, Baytex Energy Corp (BTE-T) stock closed at a price of $0.425.