Viewing Company Baytex Energy Corp | StockChase
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Compiling comments that experts make about stocks while on public TV.

Baytex Energy Corp Stock Symbol: BTE-T

Last Price Recorded: $3.5900 on 2017-09-22

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Date Signal Expert Opinion Price
2017-09-22 DON'T BUY Don Vialoux

This is an oily stock, and has a history of moving higher from approximately late January through until May/June of each year. Chart shows the stock has been drifting lower since the beginning of the year. His preference would be into one of the gassy stocks.


Price:
$3.590
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
Unknown
2017-09-15 DON'T BUY Eric Nuttall

He would avoid this. They will really shine in a higher commodity price, because they will be able to generate cash flow above and beyond their interest payment, to deploy into the ground and grow. Trading at a premium multiple, 6.6X versus the average of 6.2 of the intermediates in Canada.


Price:
$3.280
Subject:
ENERGY
Bias:
BULLISH on ENERGY
Owned:
No
2017-09-14 DON'T BUY Bruce Campbell (2)

Has been in the hurricane in Eagle Ford, have a huge debt, and with the recent increase in oil, there has been about a 10% pop in the share price. Buy, Sell, Hold or Short? At this point in time, he would not go into this. They have a fairly big debt position. They don’t manage their Eagle Ford operations, but own them with Marathon which is doing all of the operations. Any time oil ramps up, their leverage is going to help them out, but it also goes the other way as well.


Price:
$3.430
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2017-09-13 TOP PICK Paul Gardner, CFA

A 6.625% bond maturing in 2021. Made a big acquisition in the Eagle Ford of Texas. You are getting nothing for the heavy oil business in Canada. If push came to shove, as the debt holder, he will get the Eagle Ford asset if it is ever restructured.


Price:
$3.340
Subject:
REITs, BONDS AND DIVIDEND STOCKS
Bias:
UNKNOWN
Owned:
Yes
2017-08-17 SELL Bruce Campbell (1)

(Market Call Minute)  A challenged balance sheet.  Get something with a better balance sheet because you might have to hold it for some time.


Price:
$3.170
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-08-11 HOLD David Cockfield

There is a lot of misinformation on oil investment. People think oil fields continue to pump oil regardless. This is a diminishing resource, so if you don’t spend the money up front for exploration and well development, production declines. Inventories in the US are declining, and the money hasn’t been spent upfront. Often, it’s 1 or 2 years of money spent to develop the necessary resources, and it actually returns as production. We may be facing a situation where we are more short of oil than we think.


Price:
$3.310
Subject:
CANADIAN & ETF's
Bias:
CAUTIOUS
Owned:
Yes
2017-08-08 DON'T BUY Lyle Stein

They made an acquisition at the top of the oil market. Any company that makes a bad acquisition at the wrong price, will be carrying the consequence of that. They incurred a lot of debt. The management focus isn’t on getting the productivity out of the fields that they purchased, it is rather how do they unwind the mess they created. If looking for torque and you can stomach the fact that they have debt, this is a name that will get you the torque. If there is a continued down price in oil, this company is going to struggle. There are probably better names to own.


Price:
$3.520
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-03 TOP PICK Paul Gardner, CFA

Unsecured debenture 6.625% Due 2022 They were in distress when oil fell apart.  They are heavy oil producers and a fracking play in the US.  They had too much debt.  More US refiners are requesting heavy oil now.  The risk reward is in his favour.  The bond is trading at a discount.


Price:
$3.480
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Yes
2017-07-28 COMMENT Josef Schachter

He is concerned about this company. The balance sheet as of March 31 had $1.8 billion of debt against $1.9 billion of equity. Have some financial derivatives on their books, but they are minuscule. Because of their debt, when the market gets hurt and the value goes down, they have to write down the assets. They’ve taken impairments in the past on assets when the price of oil has been beaten up. Be careful.


Price:
$3.530
Subject:
OIL & GAS
Bias:
BEARISH on ENERGY
Owned:
Unknown
2017-07-20 SELL ON STRENGTH Mohsin Bashir

He would not own it because he looks for risk adjusted growth opportunities.  This has been a damaged story because it is just too highly levered.  It is difficult to see oil prices high enough for them to appreciate.


Price:
$3.160
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2017-07-19 DON'T BUY Eric Nuttall

There is absolutely no reason to own this right now. They’ve too much debt, and lack the ability to meaningfully pay it down. This was a result of their entry into the Eagle Ford. When comparing what they look like in terms of growth rate relative to valuation, in Canada the average intermediate oil company is expected to grow next year by about 15%, with an average multiple of 5.2X EV to future cash flow. This company is expected to grow by 1% and is trading at 5.7X.


Price:
$3.240
Subject:
ENERGY
Bias:
OPTIMISTIC on OIL
Owned:
No
2017-07-05 COMMENT Daniel Lloyd

Sold his position about a month ago. He likes what they are doing. Very good operators. If you are very bullish on crude, this is a really, really torquey name. They have both financial and operating leverage. Very good assets in Canada and Texas. The issue is the debt. It is too levered, and they have to fix it. This needs crude to be $10 higher for them to be positive cash flow.


Price:
$2.900
Subject:
CANADIAN
Bias:
BULLISH on ENERGY
Owned:
No
2017-06-23 PAST TOP PICK David Cockfield

(A Top Pick May 27/16. Down 52%.) He believed that the market was changing and it looked like the price of oil was going to stay in the $50 area.


Price:
$2.950
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2017-06-14 COMMENT Bill Harris, CFA

He doesn’t own this because of the level of debt, and he doesn’t know how volatile the stock is going to be. However, he owns the bonds which he bought at a discount. With the bonds, whether the company is solvent or insolvent, he is going to get paid back his bonds.


Price:
$3.480
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2017-06-14 DON'T BUY John O'Connell, CFA

Energy stocks in general are pretty bombed out. Nobody can drill oil profitably and recycle back enough money to support future growth at $55 oil. Doesn’t think you can look at this one as a stock, you have to look at it as an option. Anything under $60 and this company doesn’t survive. It has debt turned out to 2021. It has some assets that it is not an operator of, that they bought about 5 years ago. The longer oil trades below $60, the deeper this company’s troubles are.


Price:
$3.480
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
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2 Comments

nagendra4

July 1st 2017 at 8:42am

I bought the stock as a play out to oil recovery. Given no significant long term debt due before 2021, it provides huge upside. Management has done an excellent job in cutting cost and living within means. Company has got some exciting assets.

nagendra4

July 1st 2017 at 8:44am

I bought the stock as a play out to oil recovery. Given no significant long term debt due before 2021, it provides huge upside. Management has done an excellent job in cutting cost and living within means. Company has got some exciting assets.


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