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

WEAK BUY

It is a good one to own long term. He owns it in income accounts. Company may cut its dividend. They are in good plays with good management longer term.

BUY ON WEAKNESS

Safety of the yield is a tough thing to analyze. This company is pretty conservative on its distribution. One of the best companies with a long life asset. Very profitable company. If it were another $3-$5 lower it would come into his window of evaluation. 6.6% yield.

COMMENT

Recently did an equity issue at $43.50. Very oil leveraged. Likes their Lamintory (?) which is a very high quality oil. On oil companies’ metrics, she looks at price to cash flow. This one tends to trade at a premium to its peers because of the high quality crude.

BUY

Dividend is secure if oil is above $65. Pay a hefty dividend. They know they can’t cut it or loose their trading multiple.

COMMENT

Starting to look very interesting. Seasonality is August to October. Currently is at a support level and has a nice little break out, out of a trading range. Technically it wants to go higher.

COMMENT

Looking at their land positions in the Bakken, he likes where they are. Also likes the outlook for oil. Cash flow more than well covers their dividends.

BUY

Have liked this stock for a long time. Pays a good 6% dividend. Very agile management. Into the Bakken in Saskatchewan in a big way and now getting into the Cardium in Alberta..

DON'T BUY

In the short run, there are some risks on energy so you need to be a little bit cautious. He is not in any of the majors that do not pay dividends. Recently sold his holdings in this company. Prefers others.

BUY

Extremely well run. You are essentially getting all their unbook (?) For free. NAV is about $55 using $100 oil. If the water flood works you are looking at $60.

PAST TOP PICK

(A Top Pick Sept 2/10. Up 22.33%.) Probably has the single best pipeline of locations to drill. Bakken was very wet this spring but have put that behind them now. Production number last week was a little above expectations.

PAST TOP PICK

(A Top Pick June 10/10. Up 10.71%.)

BUY

9% high quality crude oil so their net backs are quite high. Attractive yield of over 5%. High quality land position in Saskatchewan and has been accumulating more land in Alberta. Good entry point.

TOP PICK

(A Top Pick July 22/10. Up 22.56%.) Loves the oil sector. 6% plus yield. Great management. In a good growth area, Bakkens. Good production growth.

BUY

Very comfortable with the dividend. They have plenty of cash flow to cover it. Likes its growth prospects. More oily then gassy.

COMMENT

A company that makes him nervous to the extent that they payout a generous distribution but it is being financed by the shareholders. They keep re-investing dividends for shareholders, diluting the share price.

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Crescent Point Energy Corp (CPG.TO)