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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (138438)1/27/2023 2:24:24 PM
From: Goose94Read Replies (1) of 203020
 
Baytex Energy (BTE-T) revisited 4.0 top pick from Eric Nuttall on BNN.ca Market Call Friday January 27th @ 1200ET

Baytex offers meaningful exposure to both a rising oil price and an improving WCS differential (to $15 in 2024). With the company returning 25 per cent of free cash flow to investors we see this rising to 50 per cent in the second quarter and 75 per cent in the second quarter of 2024. With the stock trading at only 2.3x/1.6x 2024 EV/CF at $80/$100, Baytex offers some of the highest potential upside of any stock we follow. We think fair value at US$80/$100WTI at 5X EV/CF is $13.89/$19.81 offering potential multi-bagger returns.
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