Crescent Point Energy Corp (CPG.TO)

(A Top Pick Jan 3/13. Down 1.33%.) Good dividend policy. Long-term is still pretty bright at $90 plus WTI.

Premier oil/gas producer in Canada. Light oil in southeast and southwest Saskatchewan. Recently entered the Uinta Basin in Utah. Continue to deliver on all metrics. Excellent 7.1% yield. Producing about 115,000 barrels per day. Excellent top-notch management team. Use water floods to increase production. Trading at about 8X.

Core holding for him. Sustainable dividend, low leverage. Assembled a collection of assets that should offer a huge inventory. Sustainable dividend.

Out preforming expectations. Solid 7%

Experienced management team. Dividend above 7% They made a purchase in Utah that he feels will be good growth for them.

(Top Pick June 28/12, Up 10.52%) He finds it fairly compelling in value and the yield allows you to buy it and hold it. Great production, raised guidance. 7.19%. Would not be as excited if it were not for the yield because you have to buy it early. Likes it. It was a serial acquirer and that was everyone’s problem. They have 10 years of places to drill. You get paid to wait. They are hedged, too.

It will go up and down for the next 3 years. It is in a trading range and will stay there. If we can solve the distribution problem for Alberta oil that will help a lot of these companies.

One of the challenges that oil producers in Western Canada are having is difficulty in getting their product to market. Because of this, differentials have been very volatile for the 1^st quarter and the last half of last year. This company can rail almost half of their capacity so their net backs have been quite good. Do a really good job of marketing their product. Yield of 7.1% is absolutely sustainable.

Excellent, well run oil/gas producer. Dominant producer in the Saskatchewan Bakken oil play. Really, really likes the company but finds it a little expensive right now. Also. he is a little bit cautious on the commodity outlook right now.

Has an excellent set of properties with a very nice yield. There is something a little bit disconcerting out there with this name with a lot of people scratching their heads why it can’t get back above $40. That’ve done a lot of acquisitions using their stock in the last couple of years. Perhaps people want to see them digest what they have been doing. Going to be a bit tough for a little while.

We are not in the energy seasonality at this time. We are just exiting seasonality and it hasn’t done well. Chart shows the trend is still going down. Wait until it gets above the $40 level. If it breaks above that, that would be a good sign from a technical perspective. He’ll be looking for the energy sector a little later on.

Has been affected by the differential in prices in what we realize in Canada and what is been happening elsewhere. That has narrowed recently, which has helped. Very attractive dividend. In his view it is a great management team with great assets and a great history of being expectations in terms of their production levels.

WTI and Western Canadian Crude spread is going to narrow. This will happen when Transcanada gets the go ahead to ship oil to Eastern Canada. Keystone might go through.

This one is probably the exception to the rule along with a few others and is worth holding. Not cheap. Light oil. Focused. On a per-share basis, it has grown production effectively over time.

Uses this as a trading vehicle between $35 to $40ish plus but later in the year his $40 will get bent as there are more results from water flooding. One of the smartest management’s in the patch. Yields about 7.9%. High-quality assets supports both production growth and dividend.