Baytex Energy Corp | StockChase
509
Baytex Energy Corp (BTE-T)

Last Price Recorded: $4.1600 on 2018-01-17

ON STOCKCHASE SINCE Sep 2003

oil/gas
509
Baytex Energy Corp (BTE-T)

Last Price Recorded: $4.1600 on 2018-01-17

ON STOCKCHASE SINCE Sep 2003

oil/gas

Baytex Energy Corp


Signal Opinion Expert
DON'T BUY
Baytex Energy Corp(BTE-T) 

January 5, 2018

A very popular stock for people who look at stock charts. Unfortunately it incurred a lot of debt before the downturn in oil. As a result, they lack the same amount of operational flexibility as other names. They can't benefit nearly as much in the inflection of the oil price, because too much of their cash flow goes back to the bank in the form of interest. There is an element of risk, versus buying a name with a bit cleaner balance sheet where they can benefit from a higher oil price. Not a name he would own right now.

oil/gas

A very popular stock for people who look at stock charts. Unfortunately it incurred a lot of debt before the downturn in oil. As a result, they lack the same amount of operational flexibility as other names. They can't benefit nearly as much in the inflection of the oil price, because too much of their cash flow goes back to the bank in the form of interest. There is an element of risk, versus buying a name with a bit cleaner balance sheet where they can benefit from a higher oil price. Not a name he would own right now.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$3.880
Owned Owned
No

DON'T BUY
Baytex Energy Corp(BTE-T) 

December 18, 2017

A more leveraged company and this is his problem.  Almost 1 to 1 ratio of asset to debt.  They won’t see volumes grow into 2018/19 so they need to a increase in oil prices.  The balance sheet is why you stay away from it.

oil/gas

A more leveraged company and this is his problem.  Almost 1 to 1 ratio of asset to debt.  They won’t see volumes grow into 2018/19 so they need to a increase in oil prices.  The balance sheet is why you stay away from it.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$3.590
Owned Owned
Unknown

COMMENT
Baytex Energy Corp(BTE-T) 

December 12, 2017

Despite the fact that we see WTI up to $57 and Brent over $60, the Canadian producers are not reflecting those price levels. In fact, the differential has widened. A lot of Canadian energy producers are down, and she doesn't have a lot of exposure. Feels this one is more highly levered than some of the others. She would rather own a very low-cost producer with a very strong balance sheet.

oil/gas

Despite the fact that we see WTI up to $57 and Brent over $60, the Canadian producers are not reflecting those price levels. In fact, the differential has widened. A lot of Canadian energy producers are down, and she doesn't have a lot of exposure. Feels this one is more highly levered than some of the others. She would rather own a very low-cost producer with a very strong balance sheet.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$3.870
Owned Owned
No

PAST TOP PICK
Baytex Energy Corp(BTE-T) 

November 29, 2017

(A Top Pick March 28/17. Up 8%.) 6.625% Bonds maturing in 2022. The biggest challenge is that they have to lower their debt balance.

oil/gas

(A Top Pick March 28/17. Up 8%.) 6.625% Bonds maturing in 2022. The biggest challenge is that they have to lower their debt balance.

oil/gas
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$4.060
Owned Owned
Yes

WAIT
Baytex Energy Corp(BTE-T) 

November 28, 2017

Oil stocks have a very strong seasonality from about mid- January until approximately May of each year. This has not reached its period of seasonal strength yet. It’s drifting lower. You want to see the stock form a base pattern between now and January, which will be the tip that the stock will break out of its downward trend and start to move on the upside.

oil/gas

Oil stocks have a very strong seasonality from about mid- January until approximately May of each year. This has not reached its period of seasonal strength yet. It’s drifting lower. You want to see the stock form a base pattern between now and January, which will be the tip that the stock will break out of its downward trend and start to move on the upside.

oil/gas
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$3.890
Owned Owned
Unknown

COMMENT
Baytex Energy Corp(BTE-T) 

November 21, 2017

Energy is tough. When it rolled over in 2014, there was a 66% decline. At $26 a barrel, oil reversed and there was a one-year rally, quite similar to what happens when a bubble bursts. The difficulty is that the industry has changed. When the price goes up, production can come on pretty quickly with fracing. Look at these as trades, not some structural long-term bull market. If you are going to invest in oil, you want to buy one that has been able to get better while everybody else has been struggling. The 150-day moving average on this one is falling. He would pick a point below the price it is trading at now, such as $3.50, and use that as a Stop/Loss.

oil/gas

Energy is tough. When it rolled over in 2014, there was a 66% decline. At $26 a barrel, oil reversed and there was a one-year rally, quite similar to what happens when a bubble bursts. The difficulty is that the industry has changed. When the price goes up, production can come on pretty quickly with fracing. Look at these as trades, not some structural long-term bull market. If you are going to invest in oil, you want to buy one that has been able to get better while everybody else has been struggling. The 150-day moving average on this one is falling. He would pick a point below the price it is trading at now, such as $3.50, and use that as a Stop/Loss.

oil/gas
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$3.820
Owned Owned
No

COMMENT
Baytex Energy Corp(BTE-T) 

November 10, 2017

Has very low energy weightings in her portfolios. Even though energy prices have risen, there is not a lot of visibility in what may play out in the next 6-12 months. This is more levered than the other companies. She wants a very strong balance sheet. 

oil/gas

Has very low energy weightings in her portfolios. Even though energy prices have risen, there is not a lot of visibility in what may play out in the next 6-12 months. This is more levered than the other companies. She wants a very strong balance sheet. 

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$4.180
Owned Owned
No

DON'T BUY
Baytex Energy Corp(BTE-T) 

November 9, 2017

It will be hit by tax loss selling.  Be careful.  There are also balance sheet concerns.  Their operations may not throw off much cash flow.  This is a high beta stock. 

oil/gas

It will be hit by tax loss selling.  Be careful.  There are also balance sheet concerns.  Their operations may not throw off much cash flow.  This is a high beta stock. 

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$4.200
Owned Owned
Unknown

DON'T BUY
Baytex Energy Corp(BTE-T) 

October 31, 2017

This had a pretty nasty move through 2014-2015. Oil had a peak in 2014, and this fell along with all the other oil stocks. Since then, it has been basing along with oil. In the base, without a break out, he wouldn't be a buyer.

oil/gas

This had a pretty nasty move through 2014-2015. Oil had a peak in 2014, and this fell along with all the other oil stocks. Since then, it has been basing along with oil. In the base, without a break out, he wouldn't be a buyer.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$3.550
Owned Owned
No

BUY
Baytex Energy Corp(BTE-T) 

October 25, 2017

Recently started to show up on his radar. Got hit with the rest of natural gas stocks but it’s been around for a long time and very well managed. They own other stocks in this sector but would consider this one.

oil/gas

Recently started to show up on his radar. Got hit with the rest of natural gas stocks but it’s been around for a long time and very well managed. They own other stocks in this sector but would consider this one.

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$3.020
Owned Owned
No

DON'T BUY
Baytex Energy Corp(BTE-T) 

September 22, 2017

This is an oily stock, and has a history of moving higher from approximately late January through until May/June of each year. Chart shows the stock has been drifting lower since the beginning of the year. His preference would be into one of the gassy stocks.

oil/gas

This is an oily stock, and has a history of moving higher from approximately late January through until May/June of each year. Chart shows the stock has been drifting lower since the beginning of the year. His preference would be into one of the gassy stocks.

oil/gas
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$3.590
Owned Owned
Unknown

DON'T BUY
Baytex Energy Corp(BTE-T) 

September 15, 2017

He would avoid this. They will really shine in a higher commodity price, because they will be able to generate cash flow above and beyond their interest payment, to deploy into the ground and grow. Trading at a premium multiple, 6.6X versus the average of 6.2 of the intermediates in Canada.

oil/gas

He would avoid this. They will really shine in a higher commodity price, because they will be able to generate cash flow above and beyond their interest payment, to deploy into the ground and grow. Trading at a premium multiple, 6.6X versus the average of 6.2 of the intermediates in Canada.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$3.280
Owned Owned
No

DON'T BUY
Baytex Energy Corp(BTE-T) 

September 14, 2017

Has been in the hurricane in Eagle Ford, have a huge debt, and with the recent increase in oil, there has been about a 10% pop in the share price. Buy, Sell, Hold or Short? At this point in time, he would not go into this. They have a fairly big debt position. They don’t manage their Eagle Ford operations, but own them with Marathon which is doing all of the operations. Any time oil ramps up, their leverage is going to help them out, but it also goes the other way as well.

oil/gas

Has been in the hurricane in Eagle Ford, have a huge debt, and with the recent increase in oil, there has been about a 10% pop in the share price. Buy, Sell, Hold or Short? At this point in time, he would not go into this. They have a fairly big debt position. They don’t manage their Eagle Ford operations, but own them with Marathon which is doing all of the operations. Any time oil ramps up, their leverage is going to help them out, but it also goes the other way as well.

oil/gas
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$3.430
Owned Owned
No

TOP PICK
Baytex Energy Corp(BTE-T) 

September 13, 2017

A 6.625% bond maturing in 2021. Made a big acquisition in the Eagle Ford of Texas. You are getting nothing for the heavy oil business in Canada. If push came to shove, as the debt holder, he will get the Eagle Ford asset if it is ever restructured.

oil/gas

A 6.625% bond maturing in 2021. Made a big acquisition in the Eagle Ford of Texas. You are getting nothing for the heavy oil business in Canada. If push came to shove, as the debt holder, he will get the Eagle Ford asset if it is ever restructured.

oil/gas
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$3.340
Owned Owned
Yes

SELL
Baytex Energy Corp(BTE-T) 

August 17, 2017

(Market Call Minute)  A challenged balance sheet.  Get something with a better balance sheet because you might have to hold it for some time.

oil/gas

(Market Call Minute)  A challenged balance sheet.  Get something with a better balance sheet because you might have to hold it for some time.

oil/gas
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$3.170
Owned Owned
Unknown

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2 Comments

nagendra4

July 1st 2017 at 5:42am

I bought the stock as a play out to oil recovery. Given no significant long term debt due before 2021, it provides huge upside. Management has done an excellent job in cutting cost and living within means. Company has got some exciting assets.

nagendra4

July 1st 2017 at 5:44am

I bought the stock as a play out to oil recovery. Given no significant long term debt due before 2021, it provides huge upside. Management has done an excellent job in cutting cost and living within means. Company has got some exciting assets.


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