Crescent Point Energy Corp (CPG.TO) Buy, Sell…

Crescent Point Energy Corp (CPG.TO)

11.72

-0.04 (0.34%)

as of May 14, 2024, 8:00:00 pm Market Open.

1026 watching

PAST TOP PICK

(A Top Pick Dec 21/21, Up 69%) Energy performed very well this year. High energy prices will continue to hold. New discipline paying off for shareholders (returning capital to shareholders). Increasing dividends, paying down debt and share buybacks will reward shareholders. Thinks excess cash flow should be invested in renewables or, other growth areas.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly A play that western Canadian oil prices can be sustained. The company can generate $1.25 billion in excess cash flow at $80 WTI. It announced a 25% increase in the base dividend for 2023 and an acquisition of prolific Duvernay assets. It trades at under 3x cashflow and under book value. Recent earnings support a ROE of 33%, while the company is aggressively retiring debt. We recommend a stop loss at $6, looking to achieve $13 - upside potential over 40%. Yield 2.8% (Analysts’ price target is $13.09)

Unspecified

It is a dominant player in that sector of the economy. It has made a new acquisition in Duverney and it might take some time to drill it out. It is well run and is coming back.

HOLD

Not buying shares at this time. Waiting for company to increase acreage. Better companies to invest in.

HOLD

Believes is a good company, but thinks energy prices will not remain high for the long term. If going into recession, then oil prices will fall. Rising interest rates are likely to push economy into recession.

PAST TOP PICK

(A Top Pick Oct 28/21, Up 74%) Cheap PE. Excellent upside potential. Likes fossil fuel industry going forward. Gross underinvestment. Powers that be continue to put pressure on the sector.

Unspecified

It has returned free cash flow but he is worried about inventories. It will need better quality inventory and to be active in acquisitions. It is good on other counts such as management.

BUY

Is positive on energy sector. Good company that has had a turnaround. Return of capital (dividends and buybacks) is good for investors. Overall, is a good business going forward. Believes will be a continued need for fossil fuels.

BUY

Lowest of high conviction names. Has sold shares even though believes company has large upside. Expects share price to rise.

PAST TOP PICK

(A Top Pick Jul 20/21, Up 113%) Believes there is a lot more upside in the share price. Largest active manager investor in the company. Currently trading at ~1.5x cash flow and has 45% free cash flow yield. Management on board with returning capital to shareholders. Expecting company to be debt free in Q3 next year. Expecting a 5x multiple or a $32 share price.

BUY

CPG vs. BIR More balanced oil and nat gas, whereas BIR has more nat gas. Good turnaround from new management. Cheap on free cashflow basis. He'd definitely look at it at these prices.

HOLD

The highs we saw in May might end up being the highs of the cycle. Cheap now. Generating gobs of cash and giving it to shareholders. Not a long-term growth position at this point. He hasn't added to the sector since mid-June.

BUY

Why target debt instead of zero debt? Their target debt was based on $45 WTI, less than half of where oil is now. That would be great for their balance sheet. They also talk about capital returns to shareholders, with theirs being 16% compared to peers at 11%. If oil stays at these levels, CPG is cheaper than the group and is executing well. He's been trading, but would be a net buyer.

BUY

Believes prospects for energy companies is good. Recent capital discipline is renewing interest in company. Even if oil price goes to $80, company will preform well. Less capital going into exploration and drilling programs will keep oil prices up. Positive on the prospects of the company.

BUY

Cleaned up balance sheet. More focused than before. Goal is to return 50% of cashflow to shareholders. Free cashflow yield north of 20%. A good name. Nice dividend around 3.8%, which may increase.

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Crescent Point Energy Corp (CPG.TO)