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        Hi I'm Ted Dixon with your
        April 29th INK Morning
Report preview,
        "Baytex Energy leaning
light."
        While Baytex Energy is
down
        80.8% over 5 years,
        it has rallied along with
the sector,
        more than tripling in the
past year.
        That momentum has helped
to push
        it into the top 5 of
        our April Top Energy
report
        and that's up from ninth
last month.
        The report will be later
        this published this week.
        Baytex is an
        oil-biased energy producer
focused
        on the Western Canadian
Sedimentary Basin
        and Eagle Ford in Texas.
        It reported 2020 average
production
        of just under 80,000
barrels of
        oil equivalent per day
with 46% being
        light oil and condensate
        with 27% being heavy oil.
        The current mix represents
        a shift towards the light
side compared to
        five years ago when heavy
crude
        represented 41% of all
production.
        This year the company
hopes to produce about
        75,000 barrels of oil
equivalent per day.
        Low valuations have been
        helping to push the stock
        up our rankings as well.
        For example the stock
sports a
        trailing 12-months price
to
        sales ratio of 0.9.
        Debt could be one reason
        for the low multiple.
        According to Refinitiv,
net debt
        stood at $1.8 billion last
year.
        As a result, Baytex offers
both
        operating and financial
leverage
        to the energy sector.
        Insiders are betting on
better days ahead,
        and they have been buying
near
        the stock's 52-week high
of $1.53.
        It all adds up to
        a sunny outlook for this
oil-focused driller.
        Now, this is not A
RECOMMENDATION TO
        BUY OR SELL SECURITIES AND
        I AM NOT A FINANCIAL
ADVISOR.
        SO PLEASE DO YOUR OWN DUE
DILIGENCE.
        If you would like a copy
of the full report,
        please visit
INKResearch.com or
        CanadianInsider.com where
you can
        get the report via the
Canadian Insider Club.
        Check back again tomorrow
for
        another INK morning video
summary.
        Or you can click on the
notify button under
        this video on the INK
Ultra Money platform.
        Well thanks for dropping
        by and I look forward to
        seeing you again for
        another INK Morning Report
preview video.