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

PAST TOP PICK

(A Top Pick Jan 21/10. Up 18.94%.) In the right place in Saskatchewan and North Dakota for the Bakken. Good at drilling it and acquired more properties. Now branching into the Cardium in Alberta.

TOP PICK

Good growth potential. Well managed with over 90% success rate in drilling. 17 years of drilling projects left. No exploration risks. Using unique technology. One knock is that they seem to issue a lot of stock but as they get bigger, cash flows grow and the need for cash declines. Yield of over 6%.

DON'T BUY

Would like to see them go without issuing equity for a period of time. Has always had a high valuation but has issued so much stock in the last few years.

COMMENT

Crescent Point or Baytex (BTE-T)? Would prefer Baytex. This company has potential to go quite a bit higher with the water flood and developing Alberta properties but Baytex has done some exciting things by acquiring heavy oil assets near Seal in the oil sands.

TOP PICK

Fulfilled its projections/promises over the last few years in terms of the Bakken properties in Saskatchewan and hoping to do the same with their Alberta Bakkens. Talented management.

PAST TOP PICK

(A Top Pick Jan 25/10 Up 21.79%.) 6 billion barrels of oil + 2500 drilling locations in Bakkens in Saskatchewan. Started buying in Southern Alberta as well. Terrific management. Can be volatile. Raised a lot of capital and expect they’ll raise more. Trim at this point and wait for them to get back. Going much higher in the long run.

BUY ON WEAKNESS

Known for having dominant position. Well managed large cap company, but he is not an owner because of the high value. Over the long term it will do well.

DON'T BUY

Has a world-class resource but you are paying a lot of money to play that resource when you buy this company. Expensive and you can buy other oil stocks cheaper.

TOP PICK

Can definitely maintain the payout. Darling of the street because they increased their land base and are improving assets.

TOP PICK

Big player in the Bakken. Also in North Dakota and in the Cardium in Alberta. Into water flood and getting better production. Excellent yield of 6.4%.

HOLD

Great performer this year. At these prices it is pretty fully priced. Might trip some and replace in the next pull back.

BUY

Likes its aggressive approach to acquiring land with potential drilling sites, not only in Saskatchewan but now in Alberta. You need a 2 year view on it.

HOLD

Focused in the Bakken but expanding into some other oil focused plays in Alberta and SE Saskatchewan. Loves the model of paying 5%-6% yields plus some growth and they have been very good at this.

COMMENT

Converted to a Corp and managed to leave their dividend at a pretty high level. He would rather have iUnits S&P/TSX Energy ETF (XEG-T).

BUY

Produces very high quality oil giving them very high netbacks. Management consistently delivers on production guidance. Very attractive land position so that they have enough to drill and increase production. Introducing water flooding in the Bakken, which could increase production. 6% yield.

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Crescent Point Energy Corp (CPG.TO)