Crescent Point Energy Corp (CPG.TO) Buy, Sell…

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Daily Stock Opinions and Ratings

Crescent Point Energy Corp (CPG.TO)

11.72

-0.04 (0.34%)

as of May 14, 2024, 8:00:00 pm Market Open.

1026 watching

BUY

(Market Call Minute) Core holding, nice yield, oil exposure, and top quality management.

BUY

Has been a great performer. Management has a fabulous reputation. Very aggressive grower through acquisition. A little bit expensive, but deserves its multiple because it has been a great value creator.

BUY

Crescent Point (CPG-T) or Baytex Energy (BTE-T)? Baytex is 72% heavy oil which sells at a discount to regular oil. Crescent Point is very oily. For his income accounts, he owns Crescent Point and he likes the management and how they grow. Dividend over 7%.

TOP PICK

(A Top Pick July 29/11. Down 1.4%.) Great DRIP program but they are always acquiring companies that are creative, so the stock between $39 and $48. If the price of oil really took a hit, this company, like most of the oil companies, would really have problems. 6.9% dividend yield.

BUY

Loves this one dearly and has owned for 7 years. He is a long-term believer in oil.

BUY

Have a great balance sheet with debt to equity of 1. Concentrate on 4 different areas. All light oil. Feels the 7% dividend is safe.

BUY

This gives you oil production, mostly in Saskatchewan. Have done a great job of growing through acquisition. Reserve life of over 15 years. Have the capacity to increase their dividend dramatically. NAV he feels is closer to $40-$50.

BUY

Has one of the most sustainable dividends in the oil space. Good balance sheet. Doesn't see any immediate issues with their dividend. High-quality prospects. They are very good at hedging and have hedged out 2012 and have already hedged out part of 2013. One of the least risky.

COMMENT

Feels it has the safest yield of any oil/gas stock in Canada. Great business model in terms of their net backs and ability to grow production. They use the premium in their share price to make accretive acquisitions. Have the ability to grow production by about 6% a year and maintain the dividend.

BUY

Making a lot of acquisitions which makes it very difficult to analyze. A quality company with quality real estate and has always traded at a premium to their peers but are not coming down a little bit towards their peer groups price earnings and price for barrel. Good opportunity to get in.

TOP PICK

He likes the concept of having some dividend in his back pocket because it helps to lower volatility. 7.3% yield is sustainable because cash flows will be approximately $1.5 billion and about 60% of the dividends are taken as DRIP. This is one of the lowest cost producers in Canada. Very small leverage.

COMMENT

She is hoping crude stays above $80 and if so, there is not a lot more downside to this stock. Feels the distribution of about 6% is safe.

COMMENT

$36.30 is a good support level. He is a little optimistic about this one and can see it getting to about $40-$41. He would use a Stop of $37 for the 1st half and $36 for the 2nd half.

DON'T BUY

The question is how much of production is hedged. Usually up to 50%. They have cut Cap x a little so they can continue to pay the dividend. They are paying a lot of money to stand still. Doesn’t know how low it will go. Is skeptical for the dividend a year out.

COMMENT

Oil has been a very volatile sector to be in and you just don't know what is coming. This stock was in an uptrend but that was broken earlier this year. There is a slight uptrend now and if it is a real thing, then the target could be the last level of old support of about $40-$41.

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Crescent Point Energy Corp (CPG.TO)