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Baytex Energy Corp. Message Board

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  • investor_dct investor_dct Jul 5, 2008 1:36 PM Flag

    Why is BTE getting hammered so hard with oil still high?

    The price of Baytex has gone up faster then several other CANROY's
    Canadian Edge has a buy up to $32 and cash yield of 9%
    CIBC has a price target of 35 and implied return of 13.5%
    RBC Captial has target of 34 and implied return of 12%

    Advantqage Energy (AAV) has an implied return of up to 34% and a cash yield of 11%. Most other stocks have a better implied yield than Baytex.

    Good Luck

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    • The trend is your friend. It's a nice 45-degree angle trend. No real gaps, no real volatility.

      Stock is just off 52-week highs. No overhead resistance. The NYSE specialist won't sell off his inventory under these circumstances.

      Buying strength WORKS. BTE is stong.


    • I was looking at trading out of BTE into another CANROY to increase dividend yield. But the problem I found with most of the other CANROYS was even though they maybe paying a high dividend yield they don't have the earnings of BTE.

4.33-0.06(-1.37%)Oct 21 4:02 PMEDT