Baytex Energy Corp

BTE-T

TSE:BTE

0.70
0.01 (1.45%)
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
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.

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.
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.
PAST TOP PICK
PAST TOP PICK
April 13, 2020
(A Top Pick Jun 15/19, Down 78%) The environment for energy back then was nothing like it is now. The oil situation is far from over. The producers are going to have some dire days ahead.
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(A Top Pick Jun 15/19, Down 78%) The environment for energy back then was nothing like it is now. The oil situation is far from over. The producers are going to have some dire days ahead.
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.
COMMENT
COMMENT
October 18, 2019
The valuation has gotten so low. Baytex has a lot of Permian oil investments which is good. Debt has come down to 1.5 times. Balance sheet is in much better shape. They are generating free cashflow and can buy back stocks now. 15-20% yield at current oil prices. A lot of the sector looks like this due to supply and demand. Energy stocks are cheap and valuations are ridiculously low. He still likes it, but it hasn't made any money in the last year. (Analysts’ price target is $3.29)
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Baytex Energy Corp (BTE-T)
October 18, 2019
The valuation has gotten so low. Baytex has a lot of Permian oil investments which is good. Debt has come down to 1.5 times. Balance sheet is in much better shape. They are generating free cashflow and can buy back stocks now. 15-20% yield at current oil prices. A lot of the sector looks like this due to supply and demand. Energy stocks are cheap and valuations are ridiculously low. He still likes it, but it hasn't made any money in the last year. (Analysts’ price target is $3.29)
PAST TOP PICK
PAST TOP PICK
October 11, 2019
(A Top Pick Oct 19/18, Down 43%) He still owns this and added yesterday. He was uber bullish oil last year as Iran was about to face export constraints (they were later waived by the US). They have interest in the Eagle Ford and one of the biggest plays in the Duvernay Shale in Canada. The new production is very economic at today's WTI price levels. They could soon see big share buybacks as cash flow improves.
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Baytex Energy Corp (BTE-T)
October 11, 2019
(A Top Pick Oct 19/18, Down 43%) He still owns this and added yesterday. He was uber bullish oil last year as Iran was about to face export constraints (they were later waived by the US). They have interest in the Eagle Ford and one of the biggest plays in the Duvernay Shale in Canada. The new production is very economic at today's WTI price levels. They could soon see big share buybacks as cash flow improves.
BUY
BUY
October 11, 2019

Heavy oil? He is bullish on heavy oil as countries like Venezuela have seen production fall to 20 year lows. Mexico is declining as well. This is good for Canada, but we are still pipeline constrained. At $60 WTI and $15 heavy oil differentials he likes CVE-T, MEG-T and BTE-T.

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Baytex Energy Corp (BTE-T)
October 11, 2019

Heavy oil? He is bullish on heavy oil as countries like Venezuela have seen production fall to 20 year lows. Mexico is declining as well. This is good for Canada, but we are still pipeline constrained. At $60 WTI and $15 heavy oil differentials he likes CVE-T, MEG-T and BTE-T.

VAGUE
VAGUE
October 10, 2019
He stock now is so cheap that he is not longer in the sell camp. It will service debt with a lot of cash flow if we hit $70 oil as he thinks we will.
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Baytex Energy Corp (BTE-T)
October 10, 2019
He stock now is so cheap that he is not longer in the sell camp. It will service debt with a lot of cash flow if we hit $70 oil as he thinks we will.
COMMENT
COMMENT
September 25, 2019
They are rationalizing the management structure given their debt after acquiring Raging River. They are trying to get more into light oil. A recession would cause oil prices to fall and with it the stock price.
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Baytex Energy Corp (BTE-T)
September 25, 2019
They are rationalizing the management structure given their debt after acquiring Raging River. They are trying to get more into light oil. A recession would cause oil prices to fall and with it the stock price.
TOP PICK
TOP PICK
September 24, 2019
Baytex bond: 6.625% 2022 It's their bond, paying a 6.625% rate of return. They own Eaglesford, a Texas shale asset, that could cover this entire bond if BTE ever went into receivership. BTE won't and in fact is doing well. BTE stock is too volatile. The bond is good for conservative investors.
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Baytex Energy Corp (BTE-T)
September 24, 2019
Baytex bond: 6.625% 2022 It's their bond, paying a 6.625% rate of return. They own Eaglesford, a Texas shale asset, that could cover this entire bond if BTE ever went into receivership. BTE won't and in fact is doing well. BTE stock is too volatile. The bond is good for conservative investors.
SPECULATIVE BUY
SPECULATIVE BUY
September 20, 2019
It may be slightly lower in reputation compared to his other holdings. It is very low valued and he thinks they have fixed the balance sheet. Ten years ago it traded almost $60 per share. They added leverage when oil prices were high and made a large US acquisition at the wrong time. The stock will never return to those lofty levels, it may get back to $4-$5 -- still a great return. A little bit riskier this could be a speculative buy. Yield 0%
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Baytex Energy Corp (BTE-T)
September 20, 2019
It may be slightly lower in reputation compared to his other holdings. It is very low valued and he thinks they have fixed the balance sheet. Ten years ago it traded almost $60 per share. They added leverage when oil prices were high and made a large US acquisition at the wrong time. The stock will never return to those lofty levels, it may get back to $4-$5 -- still a great return. A little bit riskier this could be a speculative buy. Yield 0%
SPECULATIVE BUY
SPECULATIVE BUY
September 18, 2019
Their balance sheet has been slipping for the last five years. It trades at 40% of book value. It has a little bit of upside potential. A war in the Middle East would help this stock significantly. Overall, we need better oil and gas pricing on a sustained level.
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Baytex Energy Corp (BTE-T)
September 18, 2019
Their balance sheet has been slipping for the last five years. It trades at 40% of book value. It has a little bit of upside potential. A war in the Middle East would help this stock significantly. Overall, we need better oil and gas pricing on a sustained level.
TOP PICK
TOP PICK
September 9, 2019
Had to throw an energy stock in, because they're so cheap. Paid down debt. About 60% of production gets a premium price. No dividend. (Analysts’ price target is $3.55)
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Baytex Energy Corp (BTE-T)
September 9, 2019
Had to throw an energy stock in, because they're so cheap. Paid down debt. About 60% of production gets a premium price. No dividend. (Analysts’ price target is $3.55)
PAST TOP PICK
PAST TOP PICK
August 30, 2019
(A Top Pick Aug 17/18, Down 53%) It's still a core holding, even though it's trading at a 32% free cash flow yield at $60/barrel. It's trading at a third of its historic multiple. And yet this year they're drilling their best holes and unlocked a key shale play. He's confident they'll use their free cash flow to buy back lots of shares.
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(A Top Pick Aug 17/18, Down 53%) It's still a core holding, even though it's trading at a 32% free cash flow yield at $60/barrel. It's trading at a third of its historic multiple. And yet this year they're drilling their best holes and unlocked a key shale play. He's confident they'll use their free cash flow to buy back lots of shares.
DON'T BUY
DON'T BUY
July 22, 2019
For TFSA? BTE is the poster child of beaten-up Canadian oil stocks. They have a great asset in the U.S. They have both good and bad, but BTE will move with the oil price which is weak now, but will probably go higher in 20201. But BTE still carries a lot of debt. Not the ideal stock in this sector.
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For TFSA? BTE is the poster child of beaten-up Canadian oil stocks. They have a great asset in the U.S. They have both good and bad, but BTE will move with the oil price which is weak now, but will probably go higher in 20201. But BTE still carries a lot of debt. Not the ideal stock in this sector.
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Baytex Energy Corp(BTE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 22

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, 22 stock analysts published opinions about BTE-T. 17 analysts recommended to BUY the stock. 5 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 John Zechner on 2020-07-13. 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?

22 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 2020-08-10, Baytex Energy Corp (BTE-T) stock closed at a price of $0.7.