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

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

HOLD

It has been a good story. The Bakken play has worked out very well. The fact that they have issued a lot of stock has probably held back the stock price. High payout on yield which is very good for people's portfolios.

PAST TOP PICK

(A Top Pick July 14/11.Up 4.72%.)

BUY

This is one of his long time favourites. Likes it because of the dividend, which is currently 6.5%. Have a great DRIP program. Increasing their assets in the Bakken and are very good at it. Because of the dilutive nature of the DRIP program, the stock is not going to appreciate very much.

COMMENT

EPS vs. Dividends? A lot of bank stocks pay out about half of the EPS as dividends, but this company, with EPS of $.71, pays out dividend of $2.76, about 4 X the EPS. How is that sustainable? This has been working for many years and for this company, it is a fabulous asset that has been growing very well.

TOP PICK

Good production growth down the road. Predominately oil. Light oil is the kind of oil the world wants. Pipeline capacity issues, but they are able to ship by rail. Upside potential from some water flooding. 6.5% yield

BUY ON WEAKNESS

Primarily light oil. Big dominant player in Saskatchewan. Because of the 2 strong days in the market, he would wait for a bit of a pullback.

COMMENT

Likes it because it is oil and has a nice yield. They issue equity each year because they like to acquire land every year. Hopes they will concentrate on drilling now. Dividend is safe. Each year when they issue it is at a higher price than the previous year.

HOLD

(Market Call Minute.) Very oily stock. There is a decent yield that he feels they will maintain.

BUY

Very high quality oil weighted company. Attractive 6.6% dividend, which is sustainable. Manage their balance sheet and production quite well. Fairly active aging program. Payout ratio of only 52%.

TOP PICK

His favourite in energy companies that have a yield. Made a bunch of acquisitions so they have like 10 years of drilling. Have been serial acquirers for a while and thinks they have now calmed down and will just drill, drill, drill. Looking for $50.

BUY

Still buying for new accounts. Longer-term, energy Frack work is proving up additional reserves. That means N.A. may become less dependent on middle east oil. Fracking is in its early days. Reserves in some of theses wells have yet to be proven. It will put a cap on oil prices. His price on oil is $95. CPG is on its way to being a premier oil producer in Canada through acquisitions. He would hold off short term but long term it is a buy.

PAST TOP PICK

(Top Pick Apr 13/11, Up 7.71%)

HOLD

Healthy dividend, one of highest netbacks of any company in Canada. Well run company, safe dividend.

BUY

Yields about 5.5%, which he feels is safe. IT is oily (90%) which helps them and they are good operators.

BUY

(Market Call Minute) Dividend higher than he would like.

Showing 1,006 to 1,020 of 1,409 entries

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stan Wong

Private Wealth Management, ScotiaMcleod

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Jim Cramer - Mad Money

CNBC

Kim Bolton

Black Swan Dexteritas

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Crescent Point Energy Corp (CPG.TO)