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.
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.