Baytex Energy: Irrationally Valued [Seeking Alpha]
Baytex Energy Corp Common Shares (BTE)
Last baytex energy corp common shares earnings: 3/4 06:30 am
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US:NYSE Investor Relations:
baytexenergy.com/investor/overview-investor-relations.cfm
Company Research
Source: Seeking Alpha
Summary Baytex Energy trades at 2.9x EV/EBITDA with ROTC of -0.6%, while its Cash Return on Total Capital approaches 15%. The company puts much effort into de-leveraging. Baytex Energy produces primarily light sweet crude oil. I reckon the stock is misunderstood and mispriced. Canadian exploration & production company Baytex Energy Corp. ( BTE is trading By now, the stock is trading even below 2016 levels when the oil price was barely supportive. The market is discounting its equity price as if the 2018 merger with Raging River was value destructive, but still BTE's results point to the contrary. In this sense, I reckon the stock is dramatically underappreciated and misunderstood by the market that applied a much higher discount than this E&P company deserves. Alberta-specific issues weigh on valuation Perhaps the most obvious explanation of Baytex's distressed value is that the market has been fretting about its exposure to Alberta (e.g., Peace River and Duvernay plays) and all the i
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BTE
News
- Baytex Energy Announces Granting of Exemptive Relief Regarding Its Normal Course Issuer Bid Program [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Baytex Energy (BTE) Right Now? [Yahoo! Finance]Yahoo! Finance
- Baytex (BTE) is an Incredible Growth Stock: 3 Reasons Why [Yahoo! Finance]Yahoo! Finance
- Is Baytex the Best Oil Stock to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Are Oils-Energy Stocks Lagging Baytex Energy (BTE) This Year? [Yahoo! Finance]Yahoo! Finance
BTE
Sec Filings
- 5/2/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- BTE's page on the SEC website