Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Comment by bshort92on Jan 30, 2013 10:01pm
231 Views
Post# 20915229

RE: Top Pick

RE: Top Pick

With all due respect to this analysts opinions he obviously knows and realizes that BTE trades for in excess of $100 per flowing boe. Yesterday for example BTE pulled a slew of licences to drill at Seal for 2900 meter depth wells. That is a significant depth for heavy oil payout. Competitors all over the Lloydminster drill under five times those depths and get payouts in much shorter order.  I'm also skeptical of BTE's upside based not just on its rich valuation but the continuing saga of extra wide price differentials afflicting the sale of heavy crude out of Canada and the inexact application of bypassing chronic pipeline transport gluts in favor of shipping product via rail to alleviate this bottleneck. Some heavy oil players are seeing their share prices sell downward in this environment. Aside from RE, in the midst of a concerted effort on their newest core property at Manatrio I see no other heavy player in any upside mode share price wise these days. Lots of caution and patience should be the rule as heavy oil is not exactly currently a good business to be in. Perhaps some issues to alleviate this sectors woes will change the dynamics. Until fixed be wary of the pundits and their top picks unless the issues they tout are trading at valuations that make them attractive. Over $100 per flowing boe is not exactly a bargain.

Bullboard Posts