Crescent Point Energy Corp (CPG.TO)

(A Top Pick May 13/13. Up 2.85%.) His view on this is still positive. Their last acquisition, in Utah, is very favourable for the company. Close to refining facilities. Thinks they got it opportunistically and could be a real gem for them. Good dividend and he would like to see them keep it stable, take some of the money and pay down debt. Still likes.

Did very well in the 2^nd quarter with very good numbers but the stock is one of those that does get affected by movements in the price of oil. First-class management. Dividend is secure. Thinks the stock is going to get back to the $34-$35 range in the next few months. That will give you a somewhat higher yield if you do buy it at that point.

(A Top Pick Sept 19/12. Down 4.93%.) Still likes. Did a huge financing which left a bad taste in some mouths. Focusing on per share growth. Thinks it will be in a trading band. If it Sells off, he will be Buying again.

Very leveraged to crude oil. Has been increasing its production and has very high net backs. Very large inventory of land that they can drill from. Likes it below $40. Good dividend and feels it is safe.

(Market Call Minute) Core holding. Great name for any investor of oil and dividends. Buy below $40 for sure.

(Top Pick Jul 27/12, Up 6.01%) Up by the amount of the dividend. Went out of favour with the US guys. Has come back up. Sees recommendations that they did away with part of their Drip program that diluted their stock. Earnings were going sideways. Now people are convinced it will be back to a growth situation and still paying their very nice dividend.

(Market Call Minute.) Have done a good job.

7% dividend. An excellent operating company that grew at a phenomenal rate. The dividend is safe. A rally is probably not too far away around the corner.

(A Top Pick September 19/12. Down 5.2%.) Have changed their tune in terms of focusing on per share growth. Have done a great job of accumulating accretive acquisitions, very good assets that have very strong upside from water flooding. Thinks they are done using their stock as currency. Expects it to trade $35-$39 until it breaks out.

Management is highly regarded. Have done very well over the years. Has a premium valuation and if it stumbles there is downside to it. Has not been a lot of per share growth in their production and cash flow. A lot of that is related to acquisitions they have done. A little expensive. Made an acquisition in Utah which is producing a waxy type of crude but that seems to be traveling by rail okay. Probably better value elsewhere.

Price to cash flow of 7.9% is relatively attractive, especially given where oil prices are. Trading at a significant discount to NAV. Thinks oil prices are somewhat elevated reflecting a political risk premium and you are probably going to see some downside in the WTI prices in the order of $5-$15 within the next 12-18 months. Doesn’t think this will negatively impact this company or their ability to sustain their dividend. Demonstrated a good job in their ability to increase production over time. Relatively high net backs on existing production. Going forward, you can really rely on their cash flow and dividend. He thinks FMV is around $45 and would consider lightening up at that point. 7.1% dividend.

Looking at letting some go despite dividend. Relies on reinvestment plan to keep dividend going. Have a lot of untapped land ahead of them. Prefers VET-T.

Has owned this for a long time and continues to add as new clients come in. Company’s philosophy is to get as much prospective land under management as they can, drill the heck out of it, and then go in with secondary and tertiary recoveries. Management has stated that this is the year of consolidation for them.

Seemed to be big US selling in the past and he could not figure out for what reason. Company has stopped diluting their stock to the degree it was before, because of acquisitions. They are in the Bakken in North Dakota and Saskatchewan. One of the best operators in Canada. Yield of 7.08%.

Dividend is high. Thinks we have had the pullback. They are positioning themselves very well for the long term. The tailwind is behind them. This stock should be higher and will go higher.