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TSE:BTE

Baytex Energy Corp (BTE.TO)

5.71
+0.11 (1.96%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
386 watching
0
DON'T BUY
Could double reserves. Stock price showing some of this potential. Getting a little expensive.
TOP PICK
Primarily heavy oil. 40,000 barrels a day. Increased dividend from $.20 to $.25 a month. Good model for other royalty trust. Because cash flows have increased so much they will be able to pay the taxes, capital expenditures and continue to pay out distributions.
WAIT
Fundamentally what is backing up energy stories is still very much intact. A big believer in energy. In the next week or two, there could be a little pullback, which will give you great entry points.
BUY
Thinks it will benefit a lot from the very small differentials in heavy oil. Relatively low debt.
BUY ON WEAKNESS
More exposed to heavy oil. Recent results were very strong. About a 48% payout ratio. Sees a dramatic narrowing of the spreads between heavy and light oil. Hedged some of this with a refinery in the US but a well manage company. Have a lot of land for drilling. At these levels it's a Hold.
TOP PICK
Good at keeping production flat with minimal capital spending. Production 40,000 barrels a day, predominantly oil, will cash flow about $1 billion and only need $150 million to keep production flat. Current distributions of about $225 million. More efficient for a trust to pay out more distribution than to spend on drilling. Potential distribution increase. Could do another acquisition. Also un-recognized value for their Seal property.
BUY
Very well run income trust. Focused on heavy oil. Recently made an acquisition of Burmis Energy (BME-T) that adds to their natural gas and light oil production. Good management team.
COMMENT
Just made an offer to purchase Burmis Energy (BME-T) 2 weeks ago. These are Pembina assets so it will be a little sizzle. The market had not been enamoured with this story but it is starting to turn around. From a trading point of view, wait for a pullback. Distribution should be safe.
TOP PICK
Wanted to provide a stock that provided decent income along with some growth. Yield of about 10%. With an oil price of around $100, you have a company that has been replacing reserves. NAV of over $24. Gives some good upside in terms of growth.
WAIT
Has a bias towards heavy oil. Into the heavy oil project at Seal. Prefers over Penn West (PWT.UN-T). Following 2011, the cash taxes will be mitigated to a great degree by preservation of tax pools in the period leading up to 2011. If you are into market timing, you may want to wait until the snow clears.
BUY
About 65% oil/ 35% gas. Interesting play in northern Alberta and production results just released were pretty good. Payout ratio is just over 60%. Good management.
DON'T BUY
A very solid portfolio of assets. Primarily weighted to oil with significant heavy oil exposure. Has been some volume disappointments.
BUY
11.1% yield.
COMMENT
Recent acquisition has increased their exposure a little bit too light oil. Historically has been in heavy oil. Has quite a bit of promise in the Seal territory.
BUY
Oil weighted. Prefers oil over gas. Their Seal project is very promising. It gives them some upside. A reasonably good entry point.
Showing 601 to 615 of 674 entries