Episode
The Hated Oil Stock That's Suddenly Winning Again
- Published
- Jul 14, 2026
- Duration seconds
- 2262
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- https://share.transistor.fm/s/84b9c21f
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Summary
Global investors spent years writing off Canadian energy. Now, one of the sector's most embattled companies is trying to prove them wrong. On this episode of In the Money with Amber Kanwar , Amber sits down with Chad Lundberg, President & CEO of Baytex Energy , for his first interview since taking the helm. After a turbulent few years that saw Baytex expand into the U.S., reverse course, and overhaul its strategy, the stock has more than doubled over the past year. But with plenty of investors still questioning whether the turnaround is real, Chad explains why he believes Baytex is entering a new era. The conversation explores Canada's changing energy landscape, renewed pipeline momentum, improving investor sentiment toward the sector, and why Baytex is betting on a Canadian-focused future. Chad also discusses the company's debt-free balance sheet, its goal of delivering 15% annual shareholder returns through dividends, buybacks, and growth, the long-term potential of projects like Gemini, and why he believes Baytex can create more value as an independent company rather than becoming an acquisition target. Whether you're bullish on Canadian energy or still skeptical, this conversation offers an inside look at one of the industry's biggest turnaround stories—and the CEO trying to complete it. Timestamps 00:00 Trailer 01:15 Intro 02:20 The mood in the energy sector 03:50 Pipelines and increasing production to fill pipelines 05:30 What does the energy sector need to fulfill its full potential? 07:30 Hamilton Enhanced Mixed Asset Allocation ETF- MIX 09:20 What are foreign investors saying about the Canadian energy sector? 11:00 Sentiment towards crude oil 14:40 The transformation at Baytex Energy 19:40 Largest shareholder is done selling 20:50 The aspiration of 15% ret…