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


To: Goose94 who wrote (135730)11/25/2022 4:08:54 PM
From: Goose94Read Replies (1) | Respond to of 202936
 
Baytex Energy (BTE-T) revisited 3.0 Eric Nuttall on BNN.ca Market Call Friday November 25th @ 1200ET

Baytex has drilled 15 of the top 15 wells in the most economic play in North America, yet still trades at a discount to the average trading multiple in North America. With the company trading at 2X EV/CF at $100WTI and a 36 per cent free cash flow yield, we see the company being able to continue to delineate its Clearwater acreage while returning 18 per cent back to investors in 2023. We think fair value is a 12 per cent free cash flow yield =$18 target price = 168 per cent potential upside.