Better than expected test results from Baytex Energy Trust's (BTE) [TSE:BTE.UN] Seal oil sands property in Northern Alberta have raised the interest of several industry analysts.

“Seal's long-term potential dwarfs Baytex today,” UBS analysts Grant Hofer said in a research note Thursday. “With low operating and F&D costs, this play generates exceptional recycle ratios that should drive significant value appreciation for Baytex.”