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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
Post by d_trumpon Feb 08, 2017 1:05pm
140 Views
Post# 25817214

higher quality names offer better value right now....

higher quality names offer better value right now....Normally the knock against the higher quality names is that they are too expensive however with this entire sector in the tank, all the higher quality names are offering better value than BTE.  The other day I was looking for a quick trade and my choice was RRX at 8.80 or BTE at 4.80 - I chose RRX because the relative valuation was much better.  Today I sold RRX at 8.96 and put the proceeds in SGY @ 2.56 which is also much better value than BTE at 4.84.  I still hold a core of BTE because I want the upside if and when WTI spikes, but while I'm waiting for that spike, the higher quality names are better for trading IMO.

SGY: growing production by 10%, paying a modest dividend, debt to CF of 1:1, significant recent insider buying.  Could easily run up to $3 without any increase in oil prices.


Bullboard Posts