Baytex Energy Corp

BTE-T

TSE:BTE

1.53
0.09 (5.56%)
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.
More at Wikipedia

Analysis and Opinions about BTE-T

Signal
Opinion
Expert
BUY
BUY
September 5, 2018

He recently bought this. This was an undervalued company and heavily levered. They recently merged with Raging River, making it worth investing in now. It was beaten up along with other oil stocks, but he likes the story of this stock
now.

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Baytex Energy Corp (BTE-T)
September 5, 2018

He recently bought this. This was an undervalued company and heavily levered. They recently merged with Raging River, making it worth investing in now. It was beaten up along with other oil stocks, but he likes the story of this stock
now.

HOLD
HOLD
August 28, 2018

Is flatlining. Hold it. It needs a serious energy run to rise. It's a short-term trade at best.

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Is flatlining. Hold it. It needs a serious energy run to rise. It's a short-term trade at best.

DON'T BUY
DON'T BUY
August 22, 2018

He owned this company when they had a real good balance sheet. Debt load has gone up. He sold this when oil went bearish. It has continued to struggle and has not really looked at it since. Probably could go to a lower leveraged oil play and take on less risk.

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He owned this company when they had a real good balance sheet. Debt load has gone up. He sold this when oil went bearish. It has continued to struggle and has not really looked at it since. Probably could go to a lower leveraged oil play and take on less risk.

DON'T BUY
DON'T BUY
August 20, 2018

A slowly slipping balance sheet, because its forecast earnings are only 6 cents per share. He doesn't expect a turn in the earnings to lift the stock.

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A slowly slipping balance sheet, because its forecast earnings are only 6 cents per share. He doesn't expect a turn in the earnings to lift the stock.

TOP PICK
TOP PICK
August 17, 2018

The recent merger with Raging River has not been well accepted by the shareholders. It is trading at 3.3 times EBITDA at $70 oil. He sees almost 100% upside if reasonable metrics return on the valuation. It plays well into the view of tighter heavy oil differentials and WTI trading over $80 next year. Yield 0%. (Analysts’ price target is $6.12)

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The recent merger with Raging River has not been well accepted by the shareholders. It is trading at 3.3 times EBITDA at $70 oil. He sees almost 100% upside if reasonable metrics return on the valuation. It plays well into the view of tighter heavy oil differentials and WTI trading over $80 next year. Yield 0%. (Analysts’ price target is $6.12)

DON'T BUY
DON'T BUY
August 15, 2018

A heavy oil producer that still has leverage on the balance sheet. He would look elsewhere, unless you think WTI is going to $100.

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A heavy oil producer that still has leverage on the balance sheet. He would look elsewhere, unless you think WTI is going to $100.

SPECULATIVE BUY
SPECULATIVE BUY
August 9, 2018

A highly levered oil name. When the oil price moves, it moves with it. It is a pretty high debt name. You could probably make some money here. It is not a name the masses would want to own because of the volatility. It will be tough for it to get back to the previous highs. It will probably not be a positive in that they are merging with RRX-T, Raging River.

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A highly levered oil name. When the oil price moves, it moves with it. It is a pretty high debt name. You could probably make some money here. It is not a name the masses would want to own because of the volatility. It will be tough for it to get back to the previous highs. It will probably not be a positive in that they are merging with RRX-T, Raging River.

WATCH
WATCH
August 2, 2018

This is one of the companies that he follows to some degree. It is possible toward the end of the year he might hone in on it more closely. With all of these companies, take a look at debt load relative to revenues. He may buy it later in the year, depending on his firm's analysis

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This is one of the companies that he follows to some degree. It is possible toward the end of the year he might hone in on it more closely. With all of these companies, take a look at debt load relative to revenues. He may buy it later in the year, depending on his firm's analysis

PAST TOP PICK
PAST TOP PICK
July 31, 2018

(A Top Pick August 3/2017, Up 12%) Still trading at a discount. If I can get 12% out of a bond, why would I buy equity? Less risky to own the bond than the stock. Buying the stock would need the price of oil to go up, guaranteed.

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(A Top Pick August 3/2017, Up 12%) Still trading at a discount. If I can get 12% out of a bond, why would I buy equity? Less risky to own the bond than the stock. Buying the stock would need the price of oil to go up, guaranteed.

DON'T BUY
DON'T BUY
July 30, 2018

It is challenged like CPG-T in that there is excess capacity and not enough sales. He can't comment on the merger as he is not an M&A expert.

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It is challenged like CPG-T in that there is excess capacity and not enough sales. He can't comment on the merger as he is not an M&A expert.

TOP PICK
TOP PICK
July 20, 2018

Merger is not popular with Raging River shareholders. However, Baytex shareholders are saying it is a wonderful deal. Have added a free cash flow machine in their Viking asset. This name has been beaten down by Raging River shareholders. The deal gets voted on mid August. At $70 oil he has a $7.00 target and at $80 oil he has a $10.00 target. That is 60% to 130% upside. (Analysts’ price target is $6.00)

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Merger is not popular with Raging River shareholders. However, Baytex shareholders are saying it is a wonderful deal. Have added a free cash flow machine in their Viking asset. This name has been beaten down by Raging River shareholders. The deal gets voted on mid August. At $70 oil he has a $7.00 target and at $80 oil he has a $10.00 target. That is 60% to 130% upside. (Analysts’ price target is $6.00)

DON'T BUY
DON'T BUY
July 16, 2018

They are making the acquisition of Raging River (RRX-T). Raging River will control the merged company afterwards. BTE-T has had quite a few problems. Both stocks reacted negatively when the deal was announced so he would stay away from it.

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They are making the acquisition of Raging River (RRX-T). Raging River will control the merged company afterwards. BTE-T has had quite a few problems. Both stocks reacted negatively when the deal was announced so he would stay away from it.

DON'T BUY
DON'T BUY
July 5, 2018

They got themselves in trouble when they over paid for an acquisition. This one has a hill to climb so it is a question of how long you are prepared to wait it out. Ultimately you will be rewarded. There are better names to invest in, however.

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They got themselves in trouble when they over paid for an acquisition. This one has a hill to climb so it is a question of how long you are prepared to wait it out. Ultimately you will be rewarded. There are better names to invest in, however.

COMMENT
COMMENT
June 29, 2018

Bought Raging River, multiple is in line, and they have decent growth. Market thinks they overpaid for Raging River, but if you buy good rocks, you’re going to get a good result.

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Bought Raging River, multiple is in line, and they have decent growth. Market thinks they overpaid for Raging River, but if you buy good rocks, you’re going to get a good result.

DON'T BUY
DON'T BUY
June 21, 2018

RRX-X amalgamation. Both went down when they announced the merger. This is unusual. There are a lot of costs involved in a merger for a quarter or three. He does not like all-paper transactions.

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RRX-X amalgamation. Both went down when they announced the merger. This is unusual. There are a lot of costs involved in a merger for a quarter or three. He does not like all-paper transactions.

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