BTEGF - Obsidian Energy And Baytex Energy: 2 Canadian Oil And Gas Stocks That Could Double From Here
- I discuss the reasons why the current supercycle in commodities may last longer than priced in.
- I argue that Obsidian Energy and Baytex Energy could at least double if current macroeconomic trends continue, which seems very likely.
- While the larger players shy away from increasing their production, OBE and BTEGF take advantage of their small sizes.
- Despite dilution, both companies generate the same amount of EPS today as they did in 2014-15, when share prices were much higher.
- In my view, the selected companies have tremendous growth potential if their programs to maximize EPS and return more value to shareholders continue to be implemented.
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Obsidian Energy And Baytex Energy: 2 Canadian Oil And Gas Stocks That Could Double From Here