+ Watch BTE
on My Watchlist
The Company is an open-ended investment trust created to a trust indenture.
Baytex is paying too much for Aurora. It will never be able to make a profit off its new acreage unless oil prices rise. I bet prices will fall, due to new oil production coming on line everywhere. When the rest of the world starts fraccing the way we are, oil prices will go down and stay down for a very long time.
Canadian oil sands, big yielding oil trust make this attractive to follow.
There are so many things going for BTE. For at least the next ten years there will be no viable alternative to oil. The world's biggest nations China and India not only are accelerating industrially, they are going car-crazy: every Chinaman wants a Buick, and every Indian wants the new $2500 cars by Nissan-Renault and Tata..BTE in particular is attractive because it aims to maintain its dividend and growth model after the 2011 Canada tax changes, because of its efficient production, conservative balance sheet and, what I like most, the CEO's view that the stock is undervalued and that he wants to see "a falling yield and a rising dividend," which is pretty much a buy-and-hold investor's wet dream.
Heavy dividend during a time when people need them the most.
While energy stocks are promising (and, as of this writing, definitely a hot sector), BTE's payout ratio of 194% in the ttm (based on EPS of $1.05/share) and even in the generous foward scenario of $1.48 EPS in 2010, raises questions about the sustainabilty of the dividend.
OIL GOES TO $100
I spoke with Cheryl Arsenault today.. ( Baytex invester relations).. I spoke with her at length about Baytex outperformance.. I bought at 10.00 and it is now at 23.30.. Seems that not only are they well managed, but two other main factors are driving this stock thru the roof.. 1. 12 year current proven reserves..2. 67,000 untouched acres of oil land..1+2= a long strong future of un interupted dividends.. even after the 2011 tax change..massively financially strong company with strong future.... Dividends strong and steady.. capital gains are there for the taking if you are willing to get paid every month while you wait..I own this stock and it is too good to sell.. Hard to part with a proven champion of the past and future..
Energy on the upswing
MF Personalized Pick of the day
Nat gas price going up. US dollar going down
Did you know we get most of our gasoline products from Canada ? I like the structure of this company. Another long term Money maker.
Oil and gas may be deep in to it right now, but long term as the world economy pulls itself up by it's bootstrapes, oil will make a comeback. Alt energy is wonderful, but it will take many years for it to make a significant dent in the use of oil. The days of easy extraction of oil are gone and some of the petroleum resources ie oil shale will require prices above $80 long term to exploit them economically. Oil fields around the world are showing decreases, some major, in their output. I am also convinced that OPEC is actually seriious this time about toeing the line on production reductions to try to drive the price of oil to the $70 mark or better. long petroleum 10 to 20 years!!
this is one of peter schiff,s (president of euro pacific capital) picks i think.
This should go to $20/share easy with oil going into driving season. Oil will go up.
Oil with excellent dividend
With a div. like these guys have and knowing oil and pipelines will make money over the long haul it a sure bet.
PE of 5... Yield of 16.25%... almost at book value ($8.9).This one looks like its close to bottom.The oil sands, the fact that it is Canadian and the debt (a little hig) are worrisome but I believe it will outperform in the long run.Watching this a little before I put real money on.
High yield, cheap valuation
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