Baytex Energy: One Of Best E&Ps For Oil Bulls
Baytex Energy (BTE) Seeking Alpha·2024-03-04 11:02
Tonya DavisonBack in September, I placed a “Strong Buy” rating on Baytex Energy (NYSE:BTE), saying with its recent acquisition in the Eagle Ford that it looked well positioned to quickly pay down debt and deleverage at current oil prices. However, I lowered my rating to “Buy” in December as the company’s FCF guidance was a bit disappointing due to lower oil price assumptions. Let’s catch up on the stock following its Q4 earnings. Company Profile As a refresher, BTE is an exploration & production company ...