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: $4.6300 on 2017-05-19

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Date Signal Expert Opinion Price
2017-05-09 COMMENT Lyle Stein

Sell Baytex (BTE-T) and Crescent Point (CPG-T) and move into Teck Resources (TECK.B-T)? Crescent Point and Baytex had high dividends. When oil fell, the dividend strategy collapsed. From this, he learned don’t rely on commodity stocks to pay dividends. Both are down in the dumps, but both are good names. This one probably has a little more debt than he would like, but Crescent Point is really trying to remake itself. If looking for torque in a portfolio, you will probably get more in the near term, from a base metal stock that you would from an oil stock.


Price:
$4.430
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-04-07 COMMENT Josef Schachter

From a value perspective, this is a cheap stock. BV is $8.48. It was a $45 stock in 2014, and the low in Q1 was $1.57. What bothers him is that the company had $1.7 billion of debt against $1.9 billion in equity. When you have a reduced price in the commodity and less cash flow is coming in, you need to focus on the debt holders first, so you can’t put money back into the ground. That means your production is not going to grow. Production volumes have come down. In Q1 in 2016 they were 41,000 and in Q4 they were 33,000, so they don’t have enough money in the till coming in from cash flow to service the debt. His view is that this company is going down. He would say there was a 10% risk the company will not survive.


Price:
$4.590
Subject:
OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2017-04-05 COMMENT Dennis da Silva

One of the high beta names, because it is predominantly heavy oil, and therefore very subjective to the price of the underlying commodity. Has a highly-leveraged balance sheet. A great performer when the times are right, but he is more conservative and is remaining with lower cost producers and stronger balance sheets, at least until the 4th quarter when he has better visibility on oil recovery.


Price:
$4.550
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
No
2017-04-03 SELL ON STRENGTH Keith Richards

The problem with this stock is that it has been forming a base for more than a year.  It has been absolutely range bound.  Hope for the best if you own it and if it blips up then get out.


Price:
$4.480
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2017-03-28 HOLD Swanzy Quarshie

It has a bit too much debt.  This has been one of the victims of the oil price turn as they had too much debt at the top.  She likes management.  They have a lot of torque to higher oil prices.  Heavy oil is a better asset in Canada. 


Price:
$4.470
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
Yes
2017-03-23 DON'T BUY Eric Nuttall

They are marred with too much debt and can’t grow.   They look too unattractive compared to peers, with the worst production forecast and one of the worst balance sheets.


Price:
$4.340
Subject:
ENERGY
Bias:
BULL on OIL
Owned:
Unknown
2017-03-20 COMMENT Lyle Stein

This was hurting big time a year ago; really suffering under the much, much deteriorating balance sheet, caused by debt, caused by making acquisitions. They got through it and had a nice recovery into the summer of 2016, but as oil prices weakened they are now struggling.


Price:
$4.540
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-14 COMMENT Daniel Lloyd

With his expectation that fuel prices will march higher, this is going to be an interesting torquey name. The debt is termed out, so they don’t have to deal with near term maturities. With prices north of $55 a barrel, this company really starts cash flowing nice numbers.


Price:
$4.420
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-03-13 COMMENT Matt Kacur

One of the most cyclical of the cyclicals. It is cyclical in that it is in oil, as well as its returns being up and down. The biggest problem is the leverage. There is a lot of financial leverage on this. If things go well and you get this in the right time, it can pay off. On the other hand, because of the leverage, there is a lot of risk, and could end up being owned by the debt holders. Maybe only put in a small position.


Price:
$4.740
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-08 DON'T BUY William Chin

The market is very concerned. The chart shows there is no bounce at all.


Price:
$4.610
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-02-28 DON'T BUY Veeral Khatri

He exited this recently. They have fantastic assets and a pretty good stake in the Eagle Ford area, which is a prolific area with high quality assets. They also have assets in Canada in the Peace River area. A very good portfolio of assets. His concern is the balance sheet. They have a ton of debt, and the market is concerned about that. When you have a levered talent sheet, it limits your ability to grow production, which is what is happening in this case.


Price:
$4.830
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
No
2017-02-14 HOLD Ryan Bushell

The only non-dividend paying stock he owns. It used to pay a dividend, went through the downturn and a lot of dividend based investors sold. The core assets are still very good. It still has a leverage issue, but are working through that. Recently did an acquisition in Alberta that looks very promising. Fundamentally thinks oil prices should be higher, and if so, this stock has a lot of potential.


Price:
$5.300
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-07 DON'T BUY Gerard Ferguson

This company transformed itself over the last couple of years. Unfortunately, it did it at a time when commodity prices were collapsing. 3 years ago, they bought Aurora and got into the Eagleford, one of the best development plays in the best area. Paid a pretty high price which hurt the balance sheet quite a bit. In the meantime, their Canadian heavy oil program was going on, the area that really got hurt when commodity prices collapsed, and ended up with a debt heavy balance sheet. They’ve done a lot to clean that up, and have just recently begun on the growth path by making an acquisition in Western Canada. There is a lot of “show me” that now needs to happen. It has become a play on commodity. There are better opportunities elsewhere.


Price:
$4.740
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2017-02-03 COMMENT David Cockfield

He is still very positive on this. There were studies that were showing that when they bring forward their reserve numbers, the increases are going to be fantastic. This isn’t just a Canadian company. They have significant holdings in the shales in the US, where most of their capital expenditures are. They are going to do very well.


Price:
$5.230
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-02-01 HOLD Michael Sprung

At this time, he would consider this to be just a Hold. There are some stocks in the sector that are more compelling from a price point of view, but with the improvements we are seeing within the sector, this one could do fairly well going forward.


Price:
$5.220
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
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