Baytex Energy Corp

BTE-T

TSE:BTE

0.43
0.01 (2.38%)
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
DON'T BUY
DON'T BUY
May 3, 2018

Very lever to a higher oil price. The balance sheet is pretty indebted. Strong reserves growth. A risky name. There are much easier and safer ways to make money.

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Very lever to a higher oil price. The balance sheet is pretty indebted. Strong reserves growth. A risky name. There are much easier and safer ways to make money.

DON'T BUY
DON'T BUY
April 17, 2018

He thinks the stock is going up but that others will go up more. Others will yield meaningfully more leverage to the change in oil price, and he believes oil is going up. Also, Baytex has some debt. Its leverage position is not precarious but it is significant. Too much of its cash flow goes back to the bank rather than to buybacks or to accelerating growth.

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He thinks the stock is going up but that others will go up more. Others will yield meaningfully more leverage to the change in oil price, and he believes oil is going up. Also, Baytex has some debt. Its leverage position is not precarious but it is significant. Too much of its cash flow goes back to the bank rather than to buybacks or to accelerating growth.

PAST TOP PICK
PAST TOP PICK
February 7, 2018

(A Top Pick Mar 2017 Up 7%) Baytex 6.625% 2022 bond. They are a heavy oil producer struggling with wider differentials, but they also have interests in the Eagleford region of Texas. If oil prices recover, the bond will give a 12-15% rate of return and they can sell their Eagleford holdings to protect the bond value.

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

(A Top Pick Mar 2017 Up 7%) Baytex 6.625% 2022 bond. They are a heavy oil producer struggling with wider differentials, but they also have interests in the Eagleford region of Texas. If oil prices recover, the bond will give a 12-15% rate of return and they can sell their Eagleford holdings to protect the bond value.

DON'T BUY
DON'T BUY
February 5, 2018

Baytex has been stuck in a flat pattern for a long time. Until it breaks out, he would not buy it. He owns a few energy stocks, but selectivity is important. He looks for a breakout before buying: that indicates money is flowing into the stock.

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

Baytex has been stuck in a flat pattern for a long time. Until it breaks out, he would not buy it. He owns a few energy stocks, but selectivity is important. He looks for a breakout before buying: that indicates money is flowing into the stock.

HOLD
HOLD
February 2, 2018

Intermediate to reasonable large oil stock. The outlook for the energy sector is negative. He would wait until earnings flow. Very negative psychological attitude about the energy area. He thinks they are too soon. Not like tomorrow we are going to be driving electrical cars. But he would wait.

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Baytex Energy Corp (BTE-T)
February 2, 2018

Intermediate to reasonable large oil stock. The outlook for the energy sector is negative. He would wait until earnings flow. Very negative psychological attitude about the energy area. He thinks they are too soon. Not like tomorrow we are going to be driving electrical cars. But he would wait.

DON'T BUY
DON'T BUY
January 5, 2018

A very popular stock for people who look at stock charts. Unfortunately it incurred a lot of debt before the downturn in oil. As a result, they lack the same amount of operational flexibility as other names. They can't benefit nearly as much in the inflection of the oil price, because too much of their cash flow goes back to the bank in the form of interest. There is an element of risk, versus buying a name with a bit cleaner balance sheet where they can benefit from a higher oil price. Not a name he would own right now.

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A very popular stock for people who look at stock charts. Unfortunately it incurred a lot of debt before the downturn in oil. As a result, they lack the same amount of operational flexibility as other names. They can't benefit nearly as much in the inflection of the oil price, because too much of their cash flow goes back to the bank in the form of interest. There is an element of risk, versus buying a name with a bit cleaner balance sheet where they can benefit from a higher oil price. Not a name he would own right now.

DON'T BUY
DON'T BUY
December 18, 2017

A more leveraged company and this is his problem. Almost 1 to 1 ratio of asset to debt. They won’t see volumes grow into 2018/19 so they need to a increase in oil prices. The balance sheet is why you stay away from it.

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Baytex Energy Corp (BTE-T)
December 18, 2017

A more leveraged company and this is his problem. Almost 1 to 1 ratio of asset to debt. They won’t see volumes grow into 2018/19 so they need to a increase in oil prices. The balance sheet is why you stay away from it.

COMMENT
COMMENT
December 12, 2017

Despite the fact that we see WTI up to $57 and Brent over $60, the Canadian producers are not reflecting those price levels. In fact, the differential has widened. A lot of Canadian energy producers are down, and she doesn't have a lot of exposure. Feels this one is more highly levered than some of the others. She would rather own a very low-cost producer with a very strong balance sheet.

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Baytex Energy Corp (BTE-T)
December 12, 2017

Despite the fact that we see WTI up to $57 and Brent over $60, the Canadian producers are not reflecting those price levels. In fact, the differential has widened. A lot of Canadian energy producers are down, and she doesn't have a lot of exposure. Feels this one is more highly levered than some of the others. She would rather own a very low-cost producer with a very strong balance sheet.

PAST TOP PICK
PAST TOP PICK
November 29, 2017

(A Top Pick March 28/17. Up 8%.) 6.625% Bonds maturing in 2022. The biggest challenge is that they have to lower their debt balance.

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Baytex Energy Corp (BTE-T)
November 29, 2017

(A Top Pick March 28/17. Up 8%.) 6.625% Bonds maturing in 2022. The biggest challenge is that they have to lower their debt balance.

WAIT
WAIT
November 28, 2017

Oil stocks have a very strong seasonality from about mid- January until approximately May of each year. This has not reached its period of seasonal strength yet. It’s drifting lower. You want to see the stock form a base pattern between now and January, which will be the tip that the stock will break out of its downward trend and start to move on the upside.

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Baytex Energy Corp (BTE-T)
November 28, 2017

Oil stocks have a very strong seasonality from about mid- January until approximately May of each year. This has not reached its period of seasonal strength yet. It’s drifting lower. You want to see the stock form a base pattern between now and January, which will be the tip that the stock will break out of its downward trend and start to move on the upside.

COMMENT
COMMENT
November 21, 2017

Energy is tough. When it rolled over in 2014, there was a 66% decline. At $26 a barrel, oil reversed and there was a one-year rally, quite similar to what happens when a bubble bursts. The difficulty is that the industry has changed. When the price goes up, production can come on pretty quickly with fracing. Look at these as trades, not some structural long-term bull market. If you are going to invest in oil, you want to buy one that has been able to get better while everybody else has been struggling. The 150-day moving average on this one is falling. He would pick a point below the price it is trading at now, such as $3.50, and use that as a Stop/Loss.

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Baytex Energy Corp (BTE-T)
November 21, 2017

Energy is tough. When it rolled over in 2014, there was a 66% decline. At $26 a barrel, oil reversed and there was a one-year rally, quite similar to what happens when a bubble bursts. The difficulty is that the industry has changed. When the price goes up, production can come on pretty quickly with fracing. Look at these as trades, not some structural long-term bull market. If you are going to invest in oil, you want to buy one that has been able to get better while everybody else has been struggling. The 150-day moving average on this one is falling. He would pick a point below the price it is trading at now, such as $3.50, and use that as a Stop/Loss.

COMMENT
COMMENT
November 10, 2017

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.

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Baytex Energy Corp (BTE-T)
November 10, 2017

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.

DON'T BUY
DON'T BUY
November 9, 2017

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.

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Baytex Energy Corp (BTE-T)
November 9, 2017

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.

DON'T BUY
DON'T BUY
October 31, 2017

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.

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Baytex Energy Corp (BTE-T)
October 31, 2017

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.

BUY
BUY
October 25, 2017

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.

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Baytex Energy Corp (BTE-T)
October 25, 2017

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.

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