Baytex Energy Corp

BTE-T

TSE:BTE

0.59
0.15 (34.09%)
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
TOP PICK
TOP PICK
October 12, 2006
9.8% yield. A heavy oil weighted name. The spreads between heavy and light have really widened and they are starting to narrow again. They have some oil sands which he doesn't think is reflected in the price. Could see 25% to 30% upside from here.
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Baytex Energy Corp (BTE-T)
October 12, 2006
9.8% yield. A heavy oil weighted name. The spreads between heavy and light have really widened and they are starting to narrow again. They have some oil sands which he doesn't think is reflected in the price. Could see 25% to 30% upside from here.
BUY
BUY
October 5, 2006
Heavy oil. Considers their reserves are understated because they are drilling in a homogeneous area. Conservative payout record. Lots of long-term reserves.
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Heavy oil. Considers their reserves are understated because they are drilling in a homogeneous area. Conservative payout record. Lots of long-term reserves.
WEAK BUY
WEAK BUY
August 25, 2006
The whole oil/gas area is one you have to be really cautious about. A lot of trusts are trading at significant premium to their net asset values.
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The whole oil/gas area is one you have to be really cautious about. A lot of trusts are trading at significant premium to their net asset values.
BUY
BUY
August 23, 2006
This fund will do as heavy oil does. Well-run company. He is moving away from heavy oil, but this one is doing well and is reflected in its numbers.
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This fund will do as heavy oil does. Well-run company. He is moving away from heavy oil, but this one is doing well and is reflected in its numbers.
HOLD
HOLD
August 21, 2006
A heavy oil story, but it does have a fair bit of production. Doesn't see tremendous upside in the short-term. Suffers from a bit of a discount because of the heavy oil.
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A heavy oil story, but it does have a fair bit of production. Doesn't see tremendous upside in the short-term. Suffers from a bit of a discount because of the heavy oil.
TOP PICK
TOP PICK
August 18, 2006
Yield is 8.25%. 33% Return On Equity. Good strong profit growth. This is a defensive energy pick.
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Yield is 8.25%. 33% Return On Equity. Good strong profit growth. This is a defensive energy pick.
HOLD
HOLD
August 2, 2006
Has done extremely well. Would-be looking for an increase in the payout. Right now the yield is getting a little low.
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Has done extremely well. Would-be looking for an increase in the payout. Right now the yield is getting a little low.
BUY
BUY
July 21, 2006
Expects capital gains. A name he really likes.
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Expects capital gains. A name he really likes.
SELL
SELL
July 14, 2006
A heavy oil trust. The spread between heavy oil and light oil has narrowed so the trust has done very well. This is a seasonal stock and demand is highest in the summer, so you might want to take profits now.
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A heavy oil trust. The spread between heavy oil and light oil has narrowed so the trust has done very well. This is a seasonal stock and demand is highest in the summer, so you might want to take profits now.
BUY
BUY
June 30, 2006
Has 3 elements, conventional, heavy oil and some natural gas. Have some cost efficiencies in place. Differential between heavy and light oil is narrowing.
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Has 3 elements, conventional, heavy oil and some natural gas. Have some cost efficiencies in place. Differential between heavy and light oil is narrowing.
BUY WEAKNESS
BUY WEAKNESS
May 4, 2006
A very well-run company. The area they are working in has excellent resources. It has been helped recently by the spread between light and heavy oil. Would like to see a pullback.
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A very well-run company. The area they are working in has excellent resources. It has been helped recently by the spread between light and heavy oil. Would like to see a pullback.
TOP PICK
TOP PICK
January 5, 2006
Likes the energy play and loves the management team. They have done a nice little financial engineering. A heavy oil company that has taken away a lot of their heavy oil exposure, yet it still gets a heavy oil discount. Right now, their payout ratio is 35%.
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Likes the energy play and loves the management team. They have done a nice little financial engineering. A heavy oil company that has taken away a lot of their heavy oil exposure, yet it still gets a heavy oil discount. Right now, their payout ratio is 35%.
DON'T BUY
DON'T BUY
December 2, 2005
Not keen on heavy oil. Exposed to rises in the oil patch disproportionately to the others. They have hedged the differential, however he just doesn't like heavy oil.
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Baytex Energy Corp (BTE-T)
December 2, 2005
Not keen on heavy oil. Exposed to rises in the oil patch disproportionately to the others. They have hedged the differential, however he just doesn't like heavy oil.
HOLD
HOLD
November 30, 2005
Heavy oil, so there's an extra element of risk associated with it. Not one of his favourites, but it is a good high end, good yield and represents good value.
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Baytex Energy Corp (BTE-T)
November 30, 2005
Heavy oil, so there's an extra element of risk associated with it. Not one of his favourites, but it is a good high end, good yield and represents good value.
BUY
BUY
October 7, 2005
Primarily involved with heavy oil. The market really misunderstands this company. A little more debt than he's comfotable with, but a large portion is term debt, so not as worried about that. Have an interesting arrangement with a US refinery that locks in a spread on their heavy oil. Still buying.
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Primarily involved with heavy oil. The market really misunderstands this company. A little more debt than he's comfotable with, but a large portion is term debt, so not as worried about that. Have an interesting arrangement with a US refinery that locks in a spread on their heavy oil. Still buying.
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