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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: As you know there have been concerns regarding Baytex debt level in the face of falling oil prices and the falloff in stock price is blamed on the risk of a cut in the dividend. Information on the company website shows that their heavy oil is 51% hedged at $96.45 for Q4 2014 and 45% hedged at $96.45 for Q1 2015. They do have $1.38 billion in long term debt but almost none matures until 2021, and they have a very low payout ratio. It seems to me that the concerns are overblown, what is your opinion?
Many thanks.
Read Answer Asked by richard on November 24, 2014
Q: Hi Peter, Can you give us your opinion on Baytex with this tax bill that they could be hit with. Linc is http://business.financialpost.com/2014/11/04/baytex-energy-faces-57-million-tax-penalty/?__lsa=b8fc-2bc7. We are hugely underwater and the situation seems to get worse every day. Is there any reason to continue to hold this stock or should we throw in the towel.
Read Answer Asked by CHARLES LA on November 05, 2014
Q: This is more of a tax question than a Baytex question. I sold Batex Energy on October 9th and it had a settlement date of October 15th. I sold for a loss to offset some capital gains. I sold it at $38.00 and had purchased it at roughly $46.00 On what day can I purchase it back and still get the tax loss and is there any rush to buy it back? Thanks so much.

Also this service is amazing. Thanks for the awesome research.

Jimmy
Read Answer Asked by Jimmy on November 04, 2014
Q: More of a comment than a question Sept is now behind us and in review of my portfolio I took a bit of a spanking on my energy stocks about 13% but on balance only down about 3% in total which if this was a correction I did ok .My frustration when I talk to the people at wcp sgy bte their hedging is excellent were as wcp is hedged out for the balance of the year 95%@$99 a barrel what could put a company this well managed under so much downward pressure ?
Many Thanks Stan
Read Answer Asked by Stan on October 01, 2014
Q: The following is a statement taken from an article written by Claudia Cattaneo in the Financial Post on Sept. 18, 2014. "Orange Capital LLC, a New York-based fund, has built a position in Calgary-based Bellatrix Exploration Ltd. It wants the midsized producer to explore strategic alternatives including a sale, look at the size and composition of its board, and a possible IPO or sale of the company’s midstream assets". What is meant by 'midstream assets'?
Read Answer Asked by Larry M. on September 19, 2014
Q: I have about 10% of my portfolio in reits and another 10% in energy. Seeing the possibility of an imminent rise in interest rates, I'm considering selling my car.un, (about 3%,) and buying an integrated oil co. such as HSE or another name you might suggest with the proceeds. I already own SGY and CPG. I prefer some growth along with a decent dividend.

Thank you for this service.

Joe
Read Answer Asked by Joe on August 22, 2014
Q: Hello 5i Team
I would appreciate knowing if holders of the Baytex Recipts BTE.R when converted to BTE at the end of June 2014 will receive dividends back to when the receipts were paid for or will the holders only start receiving monthly dividends when the conversion take place? Thanks for the excellent reporting you are doing.
Read Answer Asked by John on April 20, 2014
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