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Baytex Energy Corp Stock Symbol: BTE-T

Last Price Recorded: $35.6100 on 2014-10-25 01:14:09

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Date Signal Expert Opinion Price
2014-10-23 BUY Bill Harris, CFA

Likes it and thinks the dividend is sustainable.  Likes the management team.  They get a Canadian dollar western Canadian price.  The reduced differential should benefit them.


Price:
$36.220
Subject:
RESOURCE
Bias:
BULL on OIL
Owned:
Unknown
2014-10-23 HOLD Greg Newman

This is a good one. At this lower oil price, he still sees cash flow growth at around 18%. Dividend is still okay. Payout ratio would rise to 120%, but still pretty sustainable relative to its peers. Valuation would still be attractive at 6.8 versus the group at around 9. Cash flow would still be pretty good.


Price:
$36.220
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-10-16 BUY Stan Wong

Baytex Energy (BTE-T) or Suncor (SU-T)? Certainly 2 very different names. This one gives you an 8% yield while you don’t get that at Suncor. For yield hunters, this is one that he would look at. He actually likes and owns both names, and they are both fine. You are probably getting a little bit more leverage in terms of the movement in oil price relative to the stock price with this, where Suncor might be a little bit steadier being in the oil Sands space.


Price:
$35.270
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-14 WAIT Bruce Tatters

For longer-term, patient people, energy stocks are interesting here. You are going to have very near-term volatility as they are all about to report. This is a good name. It is a disciplined player and not expensive.


Price:
$34.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2014-10-10 TOP PICK David Cockfield

A heavy oil producer. They have been leaders in oil by rail. Management has shown themselves to be heads up in terms of marketing in the US and he thinks they will continue to do that. Yield of 7.88%.


Price:
$37.100
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-10-08 HOLD Michael Sprung

This is being hit along with all the other energy stocks and he would recommend continuing to Hold.


Price:
$38.900
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2014-10-06 COMMENT Larry Berman CFA, CMT, CTA

There is going to be an economic cold war with Russia involving sanctions.  Once LNG gets going that will stable is the world oil supply.  He does not feel Russia would flood the world with oil.


Price:
$40.380
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2014-10-01 WAIT Don Vialoux

Jan to May is seasonal strength period.  This year it was strong, but now it is in a downward trend, underperforming market and is below its 20 day moving average.  Wait until January.


Price:
$41.200
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
Unknown
2014-09-30 WATCH Keith Richards

It was bearish for some time (2012-2014) then broke out, but now it is breaking down again.  However, there are two previous lows that are lower than we are now and you want to see that.  So long as it holds, that would be healthy.


Price:
$42.350
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2014-09-26 BUY Michael Bowman

Market indicators are somewhat neutral.  He thinks the market is in a buy right here.  He does not know where oil is going to go.  They have good property here in Canada.  We have some resistance at about the point we are here.  It could now be support.  You have good yield.  He is a believer in this one.


Price:
$42.610
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Yes
2014-09-19 COMMENT John Stephenson

This has been a very strong story over the last 10 years. More of a heavy oil story, which is looking pretty good. The differential between Western Canadian Select and WTI has narrowed and is likely to stay now because the infrastructure bottlenecks that were creating the spread have really narrowed. Very well managed and will continue to grow.


Price:
$43.160
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-18 BUY Nick Majendie

They just increased the dividend 9%.  The stock has not done as well as the fundamentals suggest it should have done. 


Price:
$43.350
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-09-03 BUY Philippe Capelle

Very well-run company. They will want to keep growing by buying more assets. Pretty high dividend of around 6%, which is enough to hold investors’ interest. A great story to own. Not cheap, but these stocks are never cheap.


Price:
$47.840
Subject:
CANADIAN LARGE (RESOURCE)
Bias:
BULLISH on ENERGY
Owned:
Yes
2014-08-13 BUY John Wilson

Both Brent and West Texas crude have come back and are testing very important technical support. What matters more to a lot of Canadian companies generally is the spread between what we get for our oil, especially heavy crude and West Texas. It is always attractive to buy when the spread is wide and think about selling when the spread is narrow. They made a great acquisition in the Eagleford in Texas. It gives them great exposure to a great US play in light oil. Production profile looks really interesting. Pays an attractive yield that they can back up with production growth.


Price:
$45.540
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2014-07-25 COMMENT Eric Nuttall

Thinks they raised money at $39.50 to buy Aurora in Texas. In retrospect it was a pretty good transaction. It took a little while for the street to appreciate how much free cash flow that asset will contribute over time. They have to spend a certain amount to maintain production and grow it a little, and all of the excess cash flow from Baytex can either be used to repay debt, which they don’t have a lot of, or they can use it to increase their dividend, or buy other acreage. Sold his holdings because it had regained the multiple it had. There is a new team, so there is a little bit of proving they have to do to the street. Trading at a multiple where people are already baking in extremely good operational success. On a relative valuation basis, he would prefer other names. If you own, it is a steady Eddie name, and you are looking at roughly 10%-12% total return.


Price:
$48.590
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
No
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