Crescent Point Energy Corp (CPG.TO)

Basically into problems along with the oil/gas sector. Market gets a bit tired of the star companies. This is still a star. Has recently just diversified into Utah with different types of assets.

7.2% yield. Risk is it could be cut at that rate. Question he asks is what will happen to oil prices, which he feels will go up. Their balance sheet is fine. There is room for more debt.

They issue so many shares. Income trusts are an unsustainable business. At some point oil prices will go down and the dividends won’t be sustainable. Doesn’t like the way it is structured.

Can’t tell you why everyone loves this stock. His model price looks through the dividend. Everyone is making money such as the investment banks issuing the stock. His model price looks through that. $24.35, -37%. It is getting to be one of the largest oil companies in Canada. It is becoming the most expensive. The dividend will be cut when the capital markets cut this company off.

This will become an intermediate oil producer. Have continually gone out to buy either interesting acreage in highly prospective areas and/or companies that have similar exposure. What is frustrating is that they continually issue new shares because they don’t want to become overburdened with debt. A great long-term hold.

Pulled back a bit here. Yield looks quite attractive. Once it gets over $33/34 he is wondering if it is time to sell. They have tremendous assets. The payout would not be possible if it were not for the large DRIP. It will be safe as a long term hold.

Not a fan of oily stocks. The bulk of the producers will be in a terrific trading range and he would avoid those in the oil sands. This trading range will go on for ages. You get paid to wait.

He recently got stopped out of this one. You are facing difficulty across the whole space. Great company with all kinds of opportunity to grow production, but fighting a difficult market.

Almost 100% oil. It is cheap. It is a serial acquirer. He is getting frustrated with all the new issues to finance acquisitions. 7% yield with a lot of growth coming. Great place longer term.

Held for a number of years and they have a very attractive yield of 7%. Almost all crude oil. Have a large land position where they know that oil is in the ground. They utilize new technology to increase recovery rates on the resource. They have been very successful. Netbacks are over $45 per BOE. They do tend to issue equity on a periodic basis to fund acquisitions, which is a negative. They are adamant on keeping their dividend up. You could start nibbling here.

Market is having problems with their issuing of more shares. There is a lack of appreciation of technical prowess of the team. 7.3%. Absolute must buy. Upside to most recent asset they bought and still increasing production per share.

6.95% dividend. Great company. It has never got to the price target where he would love to own it. The markets put a premium on it. He follows it very closely. If oil; prices stay down much longer either their dividend won't be safe or they won't grow.

Likes this stock. Generally light oil. Concentrated properties. The challenge with them is they’re fairly aggressive where their properties are so they issue stock fairly aggressively. If they find something they want to buy, they’ll issue stock. Good debt level. Good management.

(Market Call Minute.)

This is the senior play in the Bakken. Has been great in acquisitions and will probably continue to be that. Pays a nice dividend of 6.5%.