Key Takeaways Baytex has reshaped its portfolio, cut debt and improved cash flow visibility ahead of 2026.CNQ offers stable, low-decline production with consistent shareholder returns and disciplined spending.BTE's EPS is projected to grow 9.5% in 2025, while CNQ is expected to see a 0.8% earnings decline.As Oil/Energy investors look toward 2026, balance-sheet strength, capital discipline and earnings visibility are becoming just as important as production growth. Baytex Energy ((BTE) and Canadian Natural R ...