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

TOP PICK

Do lots of equity issues to finance growth but have been able to deliver growth over the last couple of years. Expecting production to grow by 15% this year and 10% next year. 90% oil. 6.1% dividend yield.

DON'T BUY

Crescent Point (CPG-T) or Suncor Energy (SU-T)? Doesn't like Crescent Point so he would choose Suncor. Crescent Point seems to be buying their production. Has a much fatter dividend, which makes it attractive to a lot of people.

PAST TOP PICK

(A Top Pick Oct 5/11. Up 23.21%.) Just acquired some PetroBakken (PBN-T) assets. Pays a solid dividend. They go to the street every time they do a deal, which he likes. 5% yield.

BUY

They had a financing. Issue is that they load up with financing every once in a while. As cash bleeds away through their distribution, they will need more cash again.

BUY

(Market Call Minute) Unbelievable companies. Smartest expects he has ever met.

PAST TOP PICK

(Top Pick Jan 19/11, Up 15.57%) Wonderful Yield. Good in the way they structure the business and how they hedge it. Thinks it will continue. Last quarter’s earnings really surprised on the upside. Purchase candidate.

PAST TOP PICK

(Top Pick Dec 21/10, Up 8.29%) Still likes it. Really good managers, good balance sheet.

TOP PICK

Prefers oil to nat. gas. This is a more oily play. 85% exposure to oil. They have been water flooding a serious of its wells to increase their reserves and slow down the decline rates. 2012 will be a big year for their water flooding results. Investors are not aware of the full impact it could have. 10%+ increase in cash flow, reserves are going up and a hansom dividend.

PAST TOP PICK

(A Top Pick Jan 11/11. Up 6.66%.)

COMMENT

One of the premier oil companies. Very well respected. Producer of light, high profit oil out of Saskatchewan. Have also moved into the Alberta Bakkens. Very well run. Nice yield of 6.6%.

PAST TOP PICK

(A Top Pick Dec 17/10. Up 7.55%.) 6% dividend. Still likes. If buying try to get it under $40. Have a very strong dividend reinvestment program (DRIP) that keeps pushing cash into them so they don't have to do a new issue.

DON'T BUY

His model price is $21.07, a 52% downside. Analysts are coming in for next year's earnings of $.75 versus $.91 this year. He has a Short on this stock.

COMMENT

They balance their cash flow they generate from operations between CapX and dividends. If crude oil stays up the dividend is definitely safe. Also, they can go forward or backward to keep that dividend database.

COMMENT

Has a DRIP program with a 5% discount on the stock when they buy it for you. Very good at controlling debt.

BUY

Likes it. Bought most recently 3 or 4 months ago. You have to believe in oil and its future. Continue strategy is to acquire perspective land or companies that have it. They want to become the largest independent oil company in Canada. You could buy it here. On of his top picks is a little cheaper. Be patient with this one because it is expensive by some metrics.

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Crescent Point Energy Corp (CPG.TO)