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

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Crescent Point Energy Corp (CPG.TO)

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11.72

-0.04 (0.34%)

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

1026 watching

HOLD

Links the yield. All the oil stocks got hammered but this one held up better than most. Primarily in the light oil, which is a good place to be.

BUY

Very well run company. Have a good portion of their production for next year hedged.

COMMENT

Payout ratio is over 100% but have a very large take up in their DRIP program. Nervous about the risk this imposes because of the dilution of shares. Continue to have excellent properties and positions. Great opportunities in what they can drill and explore.

WAIT

Has lagged some it its piers with the run up in oil prices. People are kind of antsy about how they are going to report this quarter. It’s a cost-averaging name if it goes down. Prefers Baytex.

PAST TOP PICK

(Top Pick Oct 6/10, Up 20.40%) Recently sold it. It was a macro call to take down some energy exposure. 6% dividend. Would buy back on market weakness at $40.

COMMENT

Almost all old energy trusts that are still high dividend paying stocks pay out more than earnings but less than cash flow. Watch cash flow, not earnings. Paying out mid-60% of its cash flow. Won’t grow much until cash flow and earnings start to rise. Not in danger of cutting distributions.

PAST TOP PICK

(A Top Pick Oct 13/10. Up 14.55%.) Still likes this. Good dividend at close to 7%. Best people in the Bakken.

BUY

We are not getting the full benefit of the price of oil. If oil price does come off, he will like up his top companies and will he have the opportunity to get it at a good price. It came into his price range.

BUY

Chart shows a downward trend recently is breaking into a new territory. Add a nice 6% gain today and is breaking above the downward trend. Pays a fairly decent dividend. Put a stop around $41. Expect you could see $45 before the year-end.

BUY

Well-run company. Light oil producer. Phenomenal cost structure so can withstand low commodity prices. Pretty well hedged for next year. Yield of 6.6%. $55 approximate NAV.

DON'T BUY

His model price is $22.58, a negative 42%. People are so desperate for yield, they are keeping this stock up. Very expensive against its peers.

TOP PICK

Likes the light sweet Balkin Saskatchewan oil. Good geographical formation. Yield of close to 7%.

BUY

Likes the company. Good management. Operating philosophy is to acquire prospective land, companies with highly prospective land and production. Their goal is to become the preeminent producer in North America. Expensive by some metrics, BOE per day relative to enterprise value. Price to cash flow ratio may be on the high side but a prying name for participation in oil and gas.

PAST TOP PICK

(A Top Pick Oct 4/10. Up 9.28%.)

COMMENT

Oil/gas. Exceptionally well-managed. Suffers when the price of oil goes down a lot. Dividend is as safe as the oil price will permit.

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Crescent Point Energy Corp (CPG.TO)