Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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.

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Baytex Energy Corp > ANALYST raise BTE to $6.6

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Comment by Maxmoeon Feb 03, 2022 3:07pm

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Post# 34394470

RE:RE:RE:ANALYST raise BTE to $6.6

I'm jaded based on decades of observation but the big firms, especially bank owned firms, rarely cover or have positive comments, unless they see the likelihood of a payday for themselves. In big fat fees. Underwriting a financing is the big winner at those shops that pay for muskoka cottages, but occasionally they'll bother if there are lots of big block trades they can squeeze for a penny a share. Otherwise, watch for hungrier guys like Ray jay, peters, and first energy to lead the coverage. I'd count on RBC as the contrarian indicator. If they come out with a raging buy and target $10 , it's time to sell. LOL.

red2000 wrote: All the analysts got Baytex wrong in 2021, to afraid to see the real potential of Baytex !
Actually Nat Bank increase it's initial target for 32% !! Hello anybody home ???

For my point of view, the worst one is RBC, at 4,75$, foir the moment !!!
Hope they correct their net revenues calculation for 2022 and add 200M$ and 450M$ + for 2023 !!! What a mess ! Too much time to explaine the reason !

But most of the analysts not cover properly Baytex, to afraid of the debt, and very unrealistic about assets value, Enterprise value and too much conservative with their anticipation of the oil market !!!

Interesting to see Raymond James new target, it's probably the brokerage firm with the most personal information about Baytex !! May see 7,50$-8,00$ for them !

List of actual analyst coverage :
Most of them never talk to much positively in the last 12 months about Baytex, and the stock increase by 567% in 2021 !!! But what did they miss ???

Time to change coverage firm ! Only my O !

Company Analyst

ATB Capital Markets Patrick O’Rourke

BMO Capital Markets Ray Kwan

Canaccord Genuity

Anthony Petrucci

CIBC World Markets Dennis Fong

Eight Capital Phil Skolnick

National Bank Financial Dan Payne

Peters & Co. Limited Dan Grager

Raymond James Ltd.

Jeremy McCrea

RBC Capital Markets Greg Pardy

Scotia Capital Jason Bouvier

Stifel FirstEnergy Cody Kwong

TD Securities Menno Hulshof

Company	Analyst
ATB Capital Markets	Patrick O’Rourke
BMO Capital Markets	Ray Kwan
Canaccord Genuity	Anthony Petrucci
CIBC World Markets	Dennis Fong
Eight Capital	Phil Skolnick
National Bank Financial	Dan Payne
Peters & Co. Limited	Dan Grager
Raymond James Ltd.	Jeremy McCrea
RBC Capital Markets	Greg Pardy
Scotia Capital	Jason Bouvier
Stifel FirstEnergy	Cody Kwong
TD Securities	Menno Hulshof