Baytex Energy (BTE)
The name of game for Baytex Energy (BTE) is heavy oil. The firm is a monster player in Canada’s vast oil sands — roughly 81% of its production and revenue comes from Alberta’s bitumen. Given that position, BTE has been forced to expect generalized lower prices for its crude as logistical bottlenecks continue plague the oil sands.
However, with new pipelines set to begin shipping Canadian crude west towards Asia, BTE could finally realize higher prices for its top quality assets in the region.
While they wait for these pipelines and ports to be built, investors are treated to a monthly 6.1% yield. Backing that yield are Batex’s strong cash flows and more traditional oil plays as well as new acreage in the Bakken.