Bullboard - Stock Discussion Forum 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... see more

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Baytex Energy Corp > Energy Stocks Are Still Undervalued

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Post by Tommy007 on Feb 18, 2022 8:09am

Energy Stocks Are Still Undervalued

Despite Massive Oil Price Rally

Energy stocks are currently trading at just 12.3 times earnings estimates--the cheapest S&P 500 sector.
The energy sector is the best-performing of all the 11 U.S. market sectors in the current year, boasting a 26.9% YTD return vs. -7.2% by the S&P 500.

https://oilprice.com/Energy/Energy-General/Energy-Stocks-Are-Still-Undervalued-Despite-Massive-Oil-Price-Rally.html

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Comment by BayStreetWolfTO on Feb 18, 2022 8:44am

Good morning Tommy, this is why we need a set of Full Year Financials. While 2021 started off with oil in the $40's ($48.40 to be exact) the nice recovery gives analysts a peak at how 2022 is looking. This year oil started off at $75.69 Not since the days of high oil prices did you see this impact on full year financials due to many prior macro events. In addition to this all the O&G ...more

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Baytex Energy Corp