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Buy (3.22 out of 4)
46th percentile
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SLIDESHOW: 13 Cheap Oil Stocks
By Energy Stock Channel Staff, updated Monday, April 29, 3:36 PM
#11. Baytex Energy Corp (NYSE:BTE) — 2.3% YIELD, $3.93 RECENT PRICE/SHARE Baytex Energy is an oil and gas company. Co. is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States. Co.'s Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. Co.'s assets include non-operated working interests, comprised of four areas of mutual interest (Sugarloaf, Longhorn, Ipanema and Excelsior). Co.'s Viking assets are located in the greater Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. Production in the area occurs primarily from the hydraulic fracturing of horizontal wells.
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