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

COMMENT

Trades at a premium valuation. He would like to see them back fill that valuation by proving out the reserves that they have acquired. Dominant position in the Bakken and now in the lower Shaunavon and the Viking.

COMMENT

Makes a huge margin on oil. Paid a lot of money for their assets, but now they are getting the benefit of them. Very stable. Taking profits is ok, but don’t short it.

COMMENT

Been going sideways. Very strong peak at the $39.08 level. Starting to pop up again. Now breaking new territory. Once it hits $40, has the potential to hit at least another $2-$3. Get out if it drops below $38.60.

PAST TOP PICK

(A Top Pick March 30/09. Up 52.9%.) 2 key themes it hits on. 1) In the Bakkens with about 200 wells to drill and 2) excellent yield of 7%.

BUY

(Market Call Minute.) Has done very well but is now consolidating. 7% yield. 10% plus production growth. Very good land position in Saskatchewan.

PAST TOP PICK

(A Top Pick Feb 17/09. Up 73.1% excluding yield.) Currently prefers the safety of the asset category rather than individual stocks.

TOP PICK

Most of its production is in oil. In the new Bakken area in Saskatchewan. Good operators. Yield is close to 7%.

HOLD

(Market Call Minute.) A Hold at this price but buy on weakness.

HOLD

Continue to hold it even though it is not a trust. Has some valuable properties and dividend is sustainable and it will keep on growing. Keep it.

TOP PICK

Superb management. Have 2 great plays, 1) the Bakken giving them 50,000 barrels a day, which will probably go to 100,000 barrels over the next couple of years. 2) Lower Shaunavon where they have been doing some acquisitions and swapping positions.

BUY

Decent entry point. One of the best performers out there. Balance sheet clean, oil weighted. Lots of cash to go after consolidation. Dividend is safe and no risk that it will be cut in the future.

BUY

Likes it. Did a recent asset swap with Pen West. Gravitates toward this one because of yield component. A strong component in an oil rally. Made some acquisitions..

BUY

This replaced CNQ in his holdings. Indexes will be forced to buy some because it is the only Canadian oil in the Morgan Stanley international index. They have a number of drilling sites that can keep them in business for years to come. They are expert at applying technology to enhance the initial recovery as well as to develop it. It will take continuing increased cash flow and continued $80 oil to maintain distribution.

PAST TOP PICK

(Top Pick Jan 20/09, Up 76%) There is not the same per-share upside as last year, but no concerns about the dividend. Profits are so strong the dividend is not an issue. She had trimmed back her position and put the money into smaller issues.

BUY

Growth comes from high net back light oil in the Bakken. One of the premier light oil intermediate companies. Good yield. A strategic long-term holding.

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Crescent Point Energy Corp (CPG.TO)