Few stocks are as levered to the success of the Canadian oil sands as Baytex Energy (BTE). Baytex is a Canadian E&P company. The vast majority of Baytex's production comes from heavy oil, which is also sometimes known as thermal oil. The spread between heavy oil prices and WTI has recently narrowing significantly. I anticipate that Baytex will be reporting much stronger Q2 2013 earnings when compared with Q1 due primarily to improvements in its realized prices for its energy production. Baytex has not had a good 2013, with the stock down 4.5% YTD. However, in the past month it has gained about 13%. Baytex currently offers a $0.22 per share monthly dividend and yields about 6.10%.
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