Baytex Energy Corp T.BTE

BTE & SU the most undervalued oil stocks

[1234bmth]

In 2016 I bought BTE & Meg in the same period for few cents difference and SU & CNQ for may be a $4 difference. WTI was around $48 to $50 now WTI is $86 + and BTE is not even 1/3 of MEG and SU is almost 1/2 of CNQ. Taking in to account WTI today's price BTE should be traded at least 2/3 of MEG ($9.50 to$10 and SU should be traded close to CNQ around $55, therefore SU and BTe are most likely to be the most unbeesv err re vnement et su su su su en

[Antonyius]

I see a lot of people compare Suncor and cnrl in real life as well so I'll chime in but there is quite a bit of difference. Cnrl turned a profit back in Q3 of 2020 making 408 million with $40 wti price when Suncor was still losing money in Q4 with wti at $48.5. Suncor ended up losing over 4 billion in 2020, 10 times more than CNRL did. Even when they returned to profitability CNRL was

[JohnnyDoe]

2016 was 6 years ago. Things change and evolve over time. Mergers. Asset dispositions. You can't really look at it like that. What you can do is look at balance sheets, production numbers and costs of production and compare.

[1234bmth]

I agree that we can't compare based on past, but even now MEG's production, balance sheet, profitability and assets are not that good compared to BTE that the SP should be 3 times of BTE. It is better than BTE and I am not saying that the difference between MEG and BTE SP should be a few cents, but if MEG is close to $15 then BTE should easily be around $8 to $10. Same for SU, CNQ is $65

[Snowballer]

What a funny way to derive perceived value lolll

[1234bmth]

For you it may look funny, but I know what I am talking about and I have enough knowledge of how to evaluate companies. If I compare 2 companies value now I use Market cap, but this not what I am doing. I am comparing shareholder's investment returns since 2016 to now in 2 companies. If I had invested $60 in BTE and $60 in MEG at the same time back in 2016, I could have bought approximately 10

[JohnnyDoe]

idk what the roi is on a dollar invested in meg versus bte is since 2016. But what I'm telling you is that you cannot look at share price the way you have. Look at market cap relative to all of the balance sheet and production numbers.

[1234bmth]

Market cap is good to use when a company wants to acquire or merge with another company or if a new investor wants to invest in a company, but from an existing shareholder perspective this means nothing because market cap can be increased by issuing new shares or acquiring another company through share deals and diluting at the expensive of the existing shareholders. For a shareholder the most

[JohnnyDoe]

I'm not really up on meg. I don't own it and don't follow it closely. You're comparing share price though which is fundamentally wrong. If you were to be comparing their market cap, that's fine. But saying their share price is X so ours should be Y isn't really how this works. Balance sheet, production, reserve life, oil type etc drive market cap, which when divided by