Q: Baytex BTE is my worst performer in my oil & gas sector portfolio. What is your assessment of the management? Is it a quality company? Will it be able to survive this down cycle? Assuming $70 WTI by the end of the year, will it outperform most other well known oil & gas stocks in Canada? I.e. Does it have good leverage to the price of oil? Or is this a value trap and should now be sold?

Q: Your thoughts on the company and latest quarterly results. Thanks

Q: While I am very overweight oil & gas producers I am not concerned as I bought several of these at under $1 which explains the overweight position. However, I do have capital losses on BTE and that got me thinking that maybe I should consolidate into the 3 best if I can manage the large capital gains tax. Would MEG, TVE and WCP be your choice? My only concern would be VRN which is currently a 7 bagger and I'd have to do that over time. Any comments or concerns with this or should I just continue to hold all. I do have a very large, diversified portfolio.