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Baytex Energy Corp Stock Symbol: BTE-T

Last Price Recorded: $11.2600 on 2015-08-04

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Date Signal Expert Opinion Price
2015-07-31 HOLD David Cockfield

Exited this stock months and months ago. An excellent company and has been well-managed. They have good assets. Heavy oil by drilling, not by extraction. They’ve bought into the Eagleford in the US and are spending most of their capital in that. Most recent earnings were less then stellar, and he thinks the company is going to suffer for a while. However, it will certainly survive. Have excellent, relatively low cost assets. 10.6% dividend yield, which he thinks is going to get cut.


Price:
$11.260
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-07-28 COMMENT Jim Huang

This had the misfortune of buying a US asset at the peak of the market. The assets they bought are good quality as are the ones they have in Canada. Capable management. The debt load is pretty high at 4X cash flow, which is uncomfortably high. If you believe oil prices will bounce back quickly, this might be one that you want to own right now.


Price:
$11.630
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2015-07-24 COMMENT Jeff Young

Hasn’t added to his position. Has a bit of a challenged balance sheet, which has made it a bit of a target for people who are Shorting oil. Thinks their assets are decent. The Eagleford is one of the few assets in North America that does okay at $50 oil. You may see more dividend cuts depending on oil prices.


Price:
$12.770
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-07-23 DON'T BUY Martin Davies

There have been some management changes.  The company has been having some issues with regulators.  They have been trying to do some asset sales to get the balance sheet in shape.  He thinks there are other places to be.


Price:
$13.910
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Unknown
2015-07-22 COMMENT Allan Meyer

Great company, but he is staying away energy. It could be quite a while yet. Looking for oil to maintain at around $48.


Price:
$13.770
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2015-07-16 BUY Douglas Kee

This is on his list to add to, but hasn’t done it yet. You could add this to your portfolio now.


Price:
$15.880
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-07-07 COMMENT Jason Mann

Oil stocks are tricky right now. This is a company with a stressed balance sheet. Pays a large yield which is a concern. He has a small Short on this. Scores average on momentum, valuation is pretty poor at 11X EBITDA, and they are not generating cash at these prices. Feels people are probably buying this for yield rather than its true valuation.


Price:
$18.020
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-06-22 WEAK BUY Michele Robitaille

Has been hit hard here.  It took on a sizeable amount of debt.  They cut their dividend and capital program as well as issuing equity.  Things are now looking okay for them.  The assets are very good.  There are more than enough positives to offset the debt.


Price:
$20.490
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Unknown
2015-04-23 PAST TOP PICK Greg Newman

(A Top Pick March 20/14. Down 42.43%.) When he recommended this, they were on the precipice of closing the Aurora transaction, which would have been really accretive for them if oils had stayed at the levels that he was modelling. Sold his holdings in the $30s.


Price:
$23.590
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
No
2015-04-10 PAST TOP PICK David Cockfield

(A Top Pick April 8/14. Down 48.08%.) Sold his company’s holdings, but still has a bit of his own. He thinks the dividend situation is somewhat suspect.


Price:
$22.140
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-02 COMMENT Mason Granger

This has been a core holding for many years. In this type of the market, where commodity prices are depressed, they have clearly demonstrated that they are a company that investors have confidence in. The recent financing was upsized from $500 million-$550 million, and he understands that it was 5 times over subscribed. Their asset base is split between Eagle Ford light oil and heavy oil in Canada. The Eagle Ford light oil is non-operated, but is partnered with Marathon, which is where they are putting 80% of the capital this year.


Price:
$20.590
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-03-26 TOP PICK Jeff Young

(Top Pick May 22/14, Down 54.04%) He probably should have sold and come back later.  It has good assets and a good cost base and they are a good company.  When oil prices start to recover they will be a prime beneficiary of that.  It is a high quality company and just needs some support from oil prices.  He is not suggesting people back the truck up but just put a toe in.  6% yield.  The Saudis can’t produce oil for the entire world and no one but they can make money at these levels.


Price:
$20.020
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-03-25 DON'T BUY James Hodgins

They just lost an equity financing.  Historically it was thought of as a heavy oil play and now it is a light oil play.


Price:
$19.480
Subject:
MARKET NEUTRAL INVESTING
Bias:
NEUTRAL
Owned:
Unknown
2015-03-25 PAST TOP PICK John Wilson

(Top Pick Feb 11/14, Down 48.26%) He sold in the spring after it ran up.


Price:
$19.480
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC on US ECONOMY
Owned:
No
2015-03-12 DON'T BUY Christine Poole

Just did an equity issue to shore up their balance sheet.  She is not buying energy right now and not buying any for new clients. 


Price:
$18.020
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 367 entries
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