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  5. BTE: BTE, I know not your favourite but recently it has been slowly climbing up the charts. [Baytex Energy Corp.]
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Q: BTE, I know not your favourite but recently it has been slowly climbing up the charts. Your thoughts please.
Thanks Gordo
Asked by gord on June 13, 2025
5i Research Answer:

BTE does have strong leverage to oil, and is cheap. It is still down 26% this year, and has not created any shareholder value in 20 years, but if oil is going to move the stock will follow. Oil is up strongly on Friday. BTE is likely a good takeover candidate, and offers a decent dividend. The balance sheet has improved. It's not all bad here, but we do have to consider its historical performance, which has been abysmal. 

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