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

BUY

Did the financing and acquired 1 million acres in Alberta, which is an extension of their Bakken play. Got some production, which they feel they can exploit and bring up to speed. Attractive yield of 6.5%.

BUY ON WEAKNESS

Favourable outlook for next 2 years. Light oil focused and good strategy. Potential for further development using water flood and other techniques in the Bakken. Have gone to the market too many times to raise equity capital for an acquisition. Metrics for this acquisition is $106,000 a flowing barrel where average is $70,000-$80,000. Wait for a better entry point.

PAST TOP PICK

(A Top Pick Sept 10/09. Up 7%.) Just bought some Bakken plays in southern Alberta that adds an element of speculation, which doesn't thrill him. He'll be having a hard look at this.

PAST TOP PICK

(A Top Pick July 13/09. Up 27.65%.) Major play in the Bakken region. Rolling through their water flood operations now. Through the testing period now and this will increase production. About 7% yield.

HOLD

He focuses on larger integrated oil/gas companies. Well run company with A lot of growth ahead. Operates in a region of North America that has an enormous amount of potential. A lot of land with light, sweet oil. If you are a growth investor, this is one you could continue to own.

BUY

Good income stream. Have done a lot of equity deals over the last few years. Good story. Like oil so could be an acquisition target by foreign investors.

HOLD

First rate company with great properties, management, etc. The problem is with the commodities. It’s hard to defy gravity. Almost all of the other oil and gas stocks and trusts are not going anywhere. For income investors it is a good long-term holding.

HOLD

Located in the Bakkens in Saskatchewan and are very good at it. Horizontal wells and lots of land. 8 billion barrels of reserves. 7% dividend yield.

TOP PICK

A lot of growth from water flood from Bakken and Shaunevon sites. Because it was a trust, it still has a pretty high dividend. Stock is temporarily depressed because they did a couple of issues to pay for acquisitions. Now have 10 years of drilling.

COMMENT

Good land position, depth of inventory and economics. Pretty excited about what they are doing in terms of getting water flood pilots up and running.

BUY

This is a name that is a street darling. Guys running it have done an incredible job of putting together a set of world-class assets. If you compare valuation to others, it is not a cheap stock, but is attractive to investors.

BUY

Has had a significant holding, rode it up and down. It is such a significant company in the shale and gas area. This is a company that could well go back through its highs. Extremely well managed. Maintained distribution through conversion and have enough tax pools to maintain it for a while yet. Sees production increases. A good buy at this price.

BUY

Likes this name and holds it. Was not bought out, but could be a takeover candidate. Have been increasing land position in Saskatchewan. A well managed company and a good leverage to crude. Prospect of a takeover is not the reason she is out there.

BUY

Did an issue that didn't get completely sold and has been overhanging the stock. Thinks dealers are on the verge of cleaning that up. Likes management. Delivering a long-term company that is going to be worth a great deal more than it is now. Have hedged forward a lot of oil.

BUY

Recently converted from an income trust to a high dividend paying company. This is one of the few companies that are going to be our future. Without a peer to compare itself with, it is just languishing. He is considering buying a lot more.

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Crescent Point Energy Corp (CPG.TO)