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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (47967)	10/5/2018 6:03:18 PM
From: Goose94	Read Replies (1) \| Respond to of 203353

Baytex Energy (BTE-T) top pick from John Zechner on BNN.ca Market Call tonite Thirst-day Oct 4th 2018 With the acquisition of Raging River, an improvement in its balance sheet and oil prices remaining high, Baytex Energy should be re-rated to a higher valuation. The company should now have the money to expand and continue improving its balance sheet, with the potential to even start rewarding shareholders with a dividend once again. With WTI oil now above $70, the company could generate between $500 million and $700 million in free cash flow. That would push Baytex Energy's leverage ratio down to a more comfortable 1.5 while giving it the financial flexibility to drill more wells, pay off additional debt, pursue another acquisition, or reinstate a dividend.