RE:Advice please - Baytex Energy?I have a fair size position in BTE. Their balance sheet was way more stretched than SU. And BTE does not pay a divy yet. I think that BTE like ATH offers a lot more torq to rising oil prices. On the other hand SU will do a lot better if there is a downturn in prices. Personally, I am a raging bull and think there is still more upside to the oil price. If you want to diversify you might also want to consider the names that are mostly gas, TOU, ARX, PNE (very small cap), PEY. Also if you want to roll the dice with the budget you might want to give WCP and CJ a look. Both WCP and CJ have carbon sequestor operations. There could be something in the budget rewarding these types of operations. The refinery in Regina is spending 500 million to ship CO2 down to the WCP operations near Weyburn SK.
Or you could be like a chimp and throw darts at a chart of Canadian oil and gas companies. The future is looking a lot better for any oil company.