Baytex Energy Corp | StockChase
503
Baytex Energy Corp (BTE-T)

Last Price Recorded: $3.9000 on 2017-11-20

ON STOCKCHASE SINCE Sep 2003

oil/gas

Baytex Energy Corp


Signal Opinion Expert

2017-11-10

COMMENT
Baytex Energy Corp (BTE-T)

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 Management

Price: $4.180
Owned: No

2017-11-09

DON'T BUY
Baytex Energy Corp (BTE-T)

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 Management

Price: $4.200
Owned: Unknown

2017-10-31

DON'T BUY
Baytex Energy Corp (BTE-T)

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 Management

Price: $3.550
Owned: No

2017-10-25

BUY
Baytex Energy Corp (BTE-T)

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 Management

Price: $3.020
Owned: No

2017-09-22

DON'T BUY
Baytex Energy Corp (BTE-T)

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 & EquityClock.COM

Price: $3.590
Owned: Unknown

2017-09-15

DON'T BUY
Baytex Energy Corp (BTE-T)

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

Portfolio Manager, Sprott Assett Management

Price: $3.280
Owned: No

2017-09-14

DON'T BUY
Baytex Energy Corp (BTE-T)

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 Investment Management Inc.

Price: $3.430
Owned: No

2017-09-13

TOP PICK
Baytex Energy Corp (BTE-T)

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 Management

Price: $3.340
Owned: Yes

2017-08-17

SELL
Baytex Energy Corp (BTE-T)

(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 InvMngmnt

Price: $3.170
Owned: Unknown

2017-08-11

HOLD
Baytex Energy Corp (BTE-T)

There is a lot of misinformation on oil investment. People think oil fields continue to pump oil regardless. This is a diminishing resource, so if you don’t spend the money up front for exploration and well development, production declines. Inventories in the US are declining, and the money hasn’t been spent upfront. Often, it’s 1 or 2 years of money spent to develop the necessary resources, and it actually returns as production. We may be facing a situation where we are more short of oil than we think.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $3.310
Owned: Yes

2017-08-08

DON'T BUY
Baytex Energy Corp (BTE-T)

They made an acquisition at the top of the oil market. Any company that makes a bad acquisition at the wrong price, will be carrying the consequence of that. They incurred a lot of debt. The management focus isn’t on getting the productivity out of the fields that they purchased, it is rather how do they unwind the mess they created. If looking for torque and you can stomach the fact that they have debt, this is a name that will get you the torque. If there is a continued down price in oil, this company is going to struggle. There are probably better names to own.

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $3.520
Owned: No

2017-08-03

TOP PICK
Baytex Energy Corp (BTE-T)

Unsecured debenture 6.625% Due 2022 They were in distress when oil fell apart.  They are heavy oil producers and a fracking play in the US.  They had too much debt.  More US refiners are requesting heavy oil now.  The risk reward is in his favour.  The bond is trading at a discount.

oil/gas
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $3.480
Owned: Yes

2017-07-28

COMMENT
Baytex Energy Corp (BTE-T)

He is concerned about this company. The balance sheet as of March 31 had $1.8 billion of debt against $1.9 billion of equity. Have some financial derivatives on their books, but they are minuscule. Because of their debt, when the market gets hurt and the value goes down, they have to write down the assets. They’ve taken impairments in the past on assets when the price of oil has been beaten up. Be careful.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $3.530
Owned: Unknown

2017-07-20

SELL ON STRENGTH
Baytex Energy Corp (BTE-T)

He would not own it because he looks for risk adjusted growth opportunities.  This has been a damaged story because it is just too highly levered.  It is difficult to see oil prices high enough for them to appreciate.

oil/gas
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $3.160
Owned: No

2017-07-19

DON'T BUY
Baytex Energy Corp (BTE-T)

There is absolutely no reason to own this right now. They’ve too much debt, and lack the ability to meaningfully pay it down. This was a result of their entry into the Eagle Ford. When comparing what they look like in terms of growth rate relative to valuation, in Canada the average intermediate oil company is expected to grow next year by about 15%, with an average multiple of 5.2X EV to future cash flow. This company is expected to grow by 1% and is trading at 5.7X.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $3.240
Owned: No

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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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