Both Crescent Point Energy Corp. (TSX:CPG)(NYSE:CPG) and Baytex Energy Corp. ( TSX:BTE )( NYSE:BTE ) have been consistently popular names for playing 2016's oil rally. Crescent Point is the largest of the intermediate oil producers (with a $12 billion market cap), and Baytex is commonly cited as having some of the highest leverage to rising oil prices in the industry. The choice of name to purchase ultimately depends on what the price outlook for 2017 is. On October 10, oil made its highest close of 2016, closing above US$51, and sentiment in the market is extremely bullish after OPEC's plan to cut production effectively put a floor under oil prices. While OPEC's goal of cutting production by as much as 700,000 bpd is unlikely given that most the sources of supply disruption (like Libya and Nigeria) are not part of the agreement, Rystad estimates that even if OPEC production grows 400,000 bpd from August levels, the market will still suffer a shortfall of 400,000 bpd in 2017.