The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe ...

Several factors have dimmed the sentiment in the energy market, impacting the Zacks Oil and Gas - Exploration and Production - Canadian industry. These factors include worries regarding global economic growth and uncertainties surrounding demand forecasts. A notable increase in fuel inventories, coupled with OPEC+'s extension of production cuts lacking any positive surprises, has overshadowed the outlook for energy demand. Moreover, concerns persist about sluggish demand in China. The natural gas sector has ...

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 ...

Brian Ector - Senior Vice President of Capital Markets and Investor Relations Philip Skolnick - Eight Capital Brian Ector Eric Greager In 2023, we increased production per basic share by 16% over 2022. Production in Q4 '23 averaged just over 160,000 BOE per day, exceeding our guidance for the quarter and up 6% from the third quarter. Production for the full-year 2023 average 122,000 BOE per day compared to 83,500 in 2022. For the second half of '23, exploration and development expenditures totaled $608 mill ...

Vladimirovic Baytex Energy (NYSE:BTE) made a major acquisition which is now completed. But really, for management, the work has just begun. That acquisition needs to be justified in the eyes of shareholders, either by earnings or by superior operational measures. Management's task is made harder by the fact that oil prices have kind of weakened a little since the merger completed. Touting operational improvements is not nearly as easy for management to do as showing better earnings, even if those earnin ...

Baytex Energy Corp. (NYSE:BTE) Q1 2023 Results Conference Call May 5, 2023 9:00 AM ET Chad Kalmakoff - Chief Financial Officer Menno Hulshof - TD Securities Brian Ector Eric Greager On April 12, we announced a proposed USD 750 million private offering of senior unsecured notes due 2030. We subsequently upsized the offering to USD 800 million on strong demand. Closing occurred on April 27 and the notes bear interest at a rate of 8.5% per annum. This was a key part of our financing strategy for the Ranger acq ...

Eric Greager - President & Chief Executive Officer Menno Hulshof - TD Securities While listening, please keep in mind that some of our remarks will contain forward-looking statements within the meaning of applicable securities laws. I refer you to the advisories regarding forward-looking statements, oil and gas information, and non-GAAP financial and capital management measures in yesterday's press release. Our objective is to deliver modest, reliable annual production growth, while generating meaningful fr ...

Baytex Energy Corporation (BTEGF) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Brian Ector - VP, Capital Markets Edward LaFehr - President, CEO & Director Rodney Gray - EVP & CFO Eric Greager - Incoming President & CEO Chad Lundberg - Chief Operating & Sustainability Officer Conference Call Participants Patrick O'Rourke - ATB Capital Markets Menno Hulshof - TD Securities Dennis Fong - CIBC Operator Thank you for standing by. This is the conference operator. Welcome to t ...

fi ENERGY CORP. August 2022 TSX BTE Advisory In this presentation, we refer to certain specified financial and capital management measures which do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). While these measures are commonly used in the oil and natural gas industry, our determination of these measures may not be comparable with calculations of similar measures presented by other reporting issuers. This presentation also contains oil and gas disclosu ...

Baytex Energy Corp. (BTEGF) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Brian Ector – Vice President, Capital Markets Ed LaFehr – President and Chief Executive Officer Rod Gray – Executive Vice President and Chief Financial Officer Conference Call Participants Josh Young – Bison Operator Thank you for standing by. This is the conference operator. Welcome to the Baytex Energy Corp Second Quarter 2022 Financial and Operating Results Conference Call. As a reminder all partic ...