Crescent Point Energy Corp (CPG.TO)

Likes the yield of over 6%. It pulled back with crude. They have been focused on drilling and organic growth over the last year. They have a great land position. Thinks they can maintain their production growth. Their distribution was never cut even in the recession even though they have never increased it.

There is a big lid on the stock in the mid-$40. A high dividend payer of 6.25%. If you like the dividend, there is nothing wrong with this company. Not a bad place to be buying but he doesn’t expect a lot of upside.

(Market Call Minute) A bench mark name.

Likes this and owns it in income accounts. The 6.3% dividend yield is safe. Likes the acquisitions it has done in the past.

After they made the acquisition in Utah and came out with the numbers there, the stock moved up, but of late it has pulled back along with the rest of the sector. Very well run company.

He sees energy stocks as being reasonable value here. This one has done well. There is now a setback in the group, but he thinks this is a setback on its way to higher levels. He can see 30%-40% ahead from here.

The oil and gas companies will be facing the tax man as tax pools run out. But CPG-T is nowhere near that point. They are aggressive in acquiring company’s land. They are perfecting water flood secondary recovery.

(Market Call Minute.) This is a core holding. He typically sells in the high $40’s and buys in the low $40’s. This will be $60 stock in 3-4 years.

Has pulled back recently, so it’s a good time to add more shares. Feels energy prices will remain pretty firm. They just announced production guidance for 2014 that it is going to be higher. Will probably sustain their current levels based on economic movements and economic recovery, especially with geopolitical problems happening globally. 6.1% yield.

The 6% plus dividend yield is not a concern to him. Lots of growth in production. This is a good entry point. He sees this going back to $50-$52 a year from now.

(A Top Pick June 20/13. Up 32.76%.) Has been a beneficiary of the rise in energy. A former trust, so pays a very hefty dividend. Focused on light and medium oil as well as their water flood technology, which really expands the productivity of the recovery capability on their wells. Some pretty good catalysts lining up for this one.

Did a great job hedging production. Have great currency to go to for their acquisitions and fully expects that is the path they go down. Their asset base is probably the most prolific, most economic play in the Western Canadian sedimentary basin, the Bakken, and there is a dividend attached. This is a name you acquire on any kind of weakness.

Just bought more of this last week. After many years of acquisitions, they are now having operational momentum, and the stock price is reacting favourably.

We are now testing May highs. This is an okay entry point for a short term trade. Longer term we should be patient. For longer term, wait to buy until the low $40s.

He is pretty positive on this company. Made a big acquisition in Utah a few years ago, which he thinks is going to play out for them quite well. The biggest knock against this company is that they continued to issue stock frequently, but not so much lately. Pays a good yield. There are worse companies that you could own in the energy space.