Crescent Point Energy Corp (CPG.TO)

When dividends get to 6-9%, they are unsustainable. He is not saying there is a dividend cut, but it is starting to get really high now. There is some pretty major support we are flirting with. If we break it there is some downside. This could be a great trading opportunity if you have accumulated cash.

7.8% dividend is the main reason for the pick. Safe. Four year low. A top holding in his funds. Bought more over last year than last 4.

Very well run energy stock. There has been some weakness in the last couple of years but is still a very well run company and continues to maintain its production. One of the less gassy plays.

(Market Call Minute.) Positive on the stock, as long as they don’t do another deal.

Real risk to this stock is oil prices but right now they are doing well. This last quarter, they beat on production and cash flow and they are doing this with lower CapX. Growth was primarily due to acquisitions in 2012 but the market would rather see continued drilling success.

It just broke down and had technical support at $37. That by itself implies a little downside on the stock. He has been looking for an entry point but not interested just yet. Is the 7% high dividend sustainable? They have so many on the DRIP that they are ok. It is safe for now.

Good little company that nobody really likes these days. Have done quite a few issues over the past couple of years. Stock is a very good, large cap, dividend paying, trading company. Bounces from $35-$40. If you like to trade, this is a good name for that. Thinks the worst is over for the company. Have improved their balance sheet and taken steps to grow into their dividend.

(A Top Pick March 30/12. Down 3.22%.) Just reported a really good quarter. Think they have got the message that there have been enough acquisitions and new issues. Stock will lift and he likes the yield while he waits. Once oil is back in favour, he expects it to be a $45 stock.

Doesn’t think they are going to lower the 7% dividend, so you are getting paid to wait. Very well run company.

Loves the dividend. The short fall is made up by the fact that the dividend reinvestment plan is very popular. Have the most prospects for drilling. But at some point they have to start earning their dividend. He would sell about 4 or 5 dollars higher.

Has become one of the premier oil plays in Canada and he feels this is going to continue. Will be acquiring companies with interesting acreage and/or production to which they can apply water flood and other recovery methods. Otherwise they’ll buy prospective acreage. They want to see production of 150,000 barrels a day within 5 years versus the current 114,000. Yield of 6.996%.

Owns some of this for his income accounts. At one point he was thinking of selling because management is serial acquirers and share issuers and he was getting tired of that. Have just announced that they will not be making any acquisitions this year and he thinks the market is very favourable on this.

They are always issuing equity. They come across acquisitions they like and would rather finance those acquisitions through equity. The dividend is important to them. There is increasing awareness of the issuance. Results this morning were very strong and she thinks they can slow the acquisition case if they want to.

(Top Pick Jan 3/13, Up 7.99%) Good asset base that they significantly added to last year. Conservatively managed and a good long term holding. Is looking for an increase in the dividend down the road.

Likes this name. Languished a little bit lately but has delivered year in and year out on a per-share basis. Grew production quite dramatically. Light oil, which is a super valued commodity.