RE:Eric Nutall BNN Baytex Energy GrimesInvestor wrote: This is one of the go to names for beta to oil. It only trades 4.1 times EBITDA and has over 130% of upside if WTI goes to $80. Their Eagleford results have been good, but not enough to move the needle. If you are bullish on oil, this is definitely a name to go with..... Taken from stockchase.com. Folks it's just around the corner. Can't believe the discount that we are at. There's literally no risk to this stock anymore. Big money to be made.
if you believe that .. he also said this 4 weeks ago with a Don't Buy tag
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He thinks the stock is going up but that others will go up more. Others will yield meaningfully more leverage to the change in oil price, and he believes oil is going up. Also, Baytex has some debt. Its leverage position is not precarious but it is significant. Too much of its cash flow goes back to the bank rather than to buybacks or to accelerating growth."