Crescent Point Energy Corp (CPG.TO)

There is always geopolitics in the energy sector and you have to live with it. CPG management team is particularly credible. Great inventory of properties. We are probably range bound for WTI, but supply & demand could balance. He is more comfortable on the Nat Gas side. The key is the cost to bring new supply on stream. Prefers something smaller with a larger production growth profile like one of his Top Picks. 7% yield is safe.

Likes this. Street has not been too favourable on this for the last little while, particularly while they were issuing more and more equity. Looks like their project in Utah is really ahead of what their initial expectations were so there is some potential there for growth.

(A Top Pick Jan 3/13. Up 16.58%.) This is his core light oil Canadian holding. They have increasing exposure to the US. Thinks highly of the management team.

The oil stocks have been quite steady and will probably be that way, but he would not compare them with the supremacy of the banks. CPG does give you a good dividend. He would have no problems with it.

(A Top Pick Jan 9/13. 13.33%.) Thinks you will see $45 sometime this year. Has a rock solid dividend that could potentially increase later this year. Very defendable name. Hedged 56% this year and, in addition, debt to cash flow is very low. Implementing water flooding, which is bringing down their decline rates slowly but over the next couple of years, you could see their payout ratio approach 100%.

Light oil producer. Very good payout ratio. Excellent balance sheet. Has a lot of future growth. Valuation is quite reasonable.

(Market Call Minute.) Good yield of just under 7%.

(Top Pick Jan 30/13, Up 10.79%) Thinks it will do this again or a little better. Decent growth and increasing guidance. Thinks it is undervalued. 7% while you wait.

Made new 52 week highs and then it rolled over. There is a trend line from last April that is pretty decent. Moving averages are more flat, so he thinks there could be a pull back.

Pays out more than it earns so its book value is sliding lower. He does not care what is happening in the short term but long term this is not what he invests in.

Hopes it will break out next year. Acquisition of land and/or companies will get them to his target.

He elected not to own it because it does not have a good uptrend. It has a nice dividend. You don’t want to see it go below $39.

(Top Pick Jan 30/13, Up 11.74%) Company has finally listened to Bay Street. A nice dividend of almost 7% and about 10 years of prospects they bought in all these acquisitions. Doesn’t see a dividend increase.

High-quality, light oil producer. Certainly one of the higher valued, but one that has delivered most consistently over time. Hasn’t recommended this one recently because it has had some issues around growing its production per share. Going forward, feels it will have some production per share growth in the next year. 6.8% dividend yield.

(A Top Pick Dec 13/12. Up 16.51%.) Have done extremely well. Increasing production. Cut back on their share dilution. There was a fairly significant US ownership, which seems to have gone elsewhere.