Added to YB: 2024-01-19
Pitch date: 2024-01-18
BTE [bullish]
Baytex Energy Corp.
+8.71%
current return
Author Info
No bio for this author
Company Info
Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States.
Market Cap
CAD 3.4B
Pitch Price
CAD 3.85
Price Target
11.00 (+163%)
Dividend
2.03%
EV/EBITDA
2.84
P/E
16.19
EV/Sales
1.77
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Baytex Energy May Be The Most Undervalued Energy Stock On My Radar
$BTE: Canada O&G turnaround; 150K boe/d, 84% liquids, 700M boe reserves. Shareholder returns: 50-75% FCF (yield 20%), aggressive buybacks. Debt $2.7B, 1.1x EBITDA. Targets $2B debt, FCF/sh growth by '28. Cheap at 2.2x P/OCF vs 5.2x norm. Upside if oil
Read full article (7 min)