Baytex Energy Corp

BTE-T

TSE:BTE

1.77
0.00 (0.00%)
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
November 22, 2018
(A Top Pick Sep 13/17, Up 8%) This is about the 6.625% 2021 Bond - They have owned it since 2016 when the last oil crisis happened. Since it merged with another company it is a lot less risky. better coverage ratio. Sometimes they prefer to have the bond with an equity-like return.
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Baytex Energy Corp (BTE-T)
November 22, 2018
(A Top Pick Sep 13/17, Up 8%) This is about the 6.625% 2021 Bond - They have owned it since 2016 when the last oil crisis happened. Since it merged with another company it is a lot less risky. better coverage ratio. Sometimes they prefer to have the bond with an equity-like return.
DON'T BUY
DON'T BUY
November 19, 2018
He has a problem with this one. Debt went up from 17 to 1.9 or 88% debt to equity ratio. Third of production is heavy oil. The CEO does not own enough shares in the company.
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Baytex Energy Corp (BTE-T)
November 19, 2018
He has a problem with this one. Debt went up from 17 to 1.9 or 88% debt to equity ratio. Third of production is heavy oil. The CEO does not own enough shares in the company.
TOP PICK
TOP PICK
November 16, 2018
This is viewed as a over leveraged heavy oil producer. They have been lacking an institutional base, it is predominantly a retail investment base. They merged with Raging River. They de-levered their balance sheet. Fundamentally, nothing has changed with the company other than the oil price. Their cash flow will enable them to buy back all outstanding shares in 4 years. He sees a 150% upside to this. Yield = 0% (Analysts’ price target is $5.66)
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Baytex Energy Corp (BTE-T)
November 16, 2018
This is viewed as a over leveraged heavy oil producer. They have been lacking an institutional base, it is predominantly a retail investment base. They merged with Raging River. They de-levered their balance sheet. Fundamentally, nothing has changed with the company other than the oil price. Their cash flow will enable them to buy back all outstanding shares in 4 years. He sees a 150% upside to this. Yield = 0% (Analysts’ price target is $5.66)
WEAK BUY
WEAK BUY
November 15, 2018
The whole group, energy, has been pressured. It's slightly riskier than, say, Suncor. A decent opportunity. You may make a 5-10% return on this in 12 months?
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Baytex Energy Corp (BTE-T)
November 15, 2018
The whole group, energy, has been pressured. It's slightly riskier than, say, Suncor. A decent opportunity. You may make a 5-10% return on this in 12 months?
BUY
BUY
November 5, 2018
I broke below 2017 support. About $2.50 is a hard exit point. Support is $3.60. Going up to resistance is a pretty good return. The volume does not coincide with the big reversal. He does not see big volume at the low levels.
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Baytex Energy Corp (BTE-T)
November 5, 2018
I broke below 2017 support. About $2.50 is a hard exit point. Support is $3.60. Going up to resistance is a pretty good return. The volume does not coincide with the big reversal. He does not see big volume at the low levels.
BUY
BUY
November 5, 2018
It's been beaten up and now really cheap. He likes the very strong earnings forecast. His FMV forecasts 140% upside. This can go to $5 easily and perhaps $6.50. Do not sell now.
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Baytex Energy Corp (BTE-T)
November 5, 2018
It's been beaten up and now really cheap. He likes the very strong earnings forecast. His FMV forecasts 140% upside. This can go to $5 easily and perhaps $6.50. Do not sell now.
DON'T BUY
DON'T BUY
October 25, 2018

It is up 4% today. It is putting a base in here. He does not favour this sector. It is not showing enough strength. If it went above $3 he would take another look.

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Baytex Energy Corp (BTE-T)
October 25, 2018

It is up 4% today. It is putting a base in here. He does not favour this sector. It is not showing enough strength. If it went above $3 he would take another look.

TOP PICK
TOP PICK
October 19, 2018

Predominantly a light oil producer. They have changed their portfolio to only 21% heavy oil exposure – holding 40% in Eagleford light barrels. Debt to cash flow is only 1.7 times. He wants 10% of his portfolio to be this holding.

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Baytex Energy Corp (BTE-T)
October 19, 2018

Predominantly a light oil producer. They have changed their portfolio to only 21% heavy oil exposure – holding 40% in Eagleford light barrels. Debt to cash flow is only 1.7 times. He wants 10% of his portfolio to be this holding.

HOLD
HOLD
October 5, 2018

The company has changed dramatically with the merger with Raging River adding exposure to Eagle Ford and light oil in Canada. In three years, Line 3 and Keystone will be sorted out, even Trans Mountain, makes him like being paid to wait for better times. He still owns their corporate bonds.

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The company has changed dramatically with the merger with Raging River adding exposure to Eagle Ford and light oil in Canada. In three years, Line 3 and Keystone will be sorted out, even Trans Mountain, makes him like being paid to wait for better times. He still owns their corporate bonds.

TOP PICK
TOP PICK
October 4, 2018

Energy stocks are so beaten up that other companies will do M&A; companies see value out there. Generating cash now. Eventually this sector will see a lift. Tremendous upside. There's little risk in this. (no dividend, Price target $6.32)

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Energy stocks are so beaten up that other companies will do M&A; companies see value out there. Generating cash now. Eventually this sector will see a lift. Tremendous upside. There's little risk in this. (no dividend, Price target $6.32)

DON'T BUY
DON'T BUY
September 20, 2018

This company has been through some tough times that will probably persist in terms in differentials in oil pricing. They are a bargain basement valuation, although he would not step into this sector. A lot of good things have to happen in order to realize their analysts' target price. They are more diversified; but there is still a lot of leverage. Cash flows from Eagleford are from Aurora. The valuation is still very levered to the price of oil and their ability to execute in the Duvernay. Try going for lower risk names,

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Baytex Energy Corp (BTE-T)
September 20, 2018

This company has been through some tough times that will probably persist in terms in differentials in oil pricing. They are a bargain basement valuation, although he would not step into this sector. A lot of good things have to happen in order to realize their analysts' target price. They are more diversified; but there is still a lot of leverage. Cash flows from Eagleford are from Aurora. The valuation is still very levered to the price of oil and their ability to execute in the Duvernay. Try going for lower risk names,

HOLD
HOLD
September 14, 2018

Raging River had good light oil assets but issues with decline rates. Baytex shareholders were comfortable with the debt, given the torque to heavy oil differentials. Mashed together, it has allowed the concerns over BTE-T debt levels to be abated and is opening doors for new opportunities.

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Baytex Energy Corp (BTE-T)
September 14, 2018

Raging River had good light oil assets but issues with decline rates. Baytex shareholders were comfortable with the debt, given the torque to heavy oil differentials. Mashed together, it has allowed the concerns over BTE-T debt levels to be abated and is opening doors for new opportunities.

TOP PICK
TOP PICK
September 14, 2018

The merged Raging River/Baytex company, at $80 oil and a five times multiple over cash flow is a $10 stock. The Eagleford and Viking assets create cash flow as they delineate a prolific heavy oil play in Peace River and massive exposure into the East Duverney play. Yield 0%. (Analysts’ price target is $6.31)

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Baytex Energy Corp (BTE-T)
September 14, 2018

The merged Raging River/Baytex company, at $80 oil and a five times multiple over cash flow is a $10 stock. The Eagleford and Viking assets create cash flow as they delineate a prolific heavy oil play in Peace River and massive exposure into the East Duverney play. Yield 0%. (Analysts’ price target is $6.31)

DON'T BUY
DON'T BUY
September 11, 2018

She thinks the price differentials for Canadian oil will continue to widen, so even if the balance sheet of this company has improved, she is not buying Canadian energy at this time. In addition, the market is coming to a seasonally weaker period, with refineries closing for maintenance (for example). So this is not a good time for new investment. Even if an investor expects prices to improve, this is seasonally the wrong time for the improvement to happen.

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Baytex Energy Corp (BTE-T)
September 11, 2018

She thinks the price differentials for Canadian oil will continue to widen, so even if the balance sheet of this company has improved, she is not buying Canadian energy at this time. In addition, the market is coming to a seasonally weaker period, with refineries closing for maintenance (for example). So this is not a good time for new investment. Even if an investor expects prices to improve, this is seasonally the wrong time for the improvement to happen.

DON'T BUY
DON'T BUY
September 7, 2018

When this stock was $6 he was not a fan and still is not. The company will soon rise to 60% debt on the balance sheet. Baytex taking over Raging River does not seem to make sense to shareholders, in his opinion. He thinks they may be over paying and shareholders will not be in a controlling position. He also thinks operating costs are still too high.

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Baytex Energy Corp (BTE-T)
September 7, 2018

When this stock was $6 he was not a fan and still is not. The company will soon rise to 60% debt on the balance sheet. Baytex taking over Raging River does not seem to make sense to shareholders, in his opinion. He thinks they may be over paying and shareholders will not be in a controlling position. He also thinks operating costs are still too high.

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