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

BUY

Have done everything right from the beginning. Good management. 89% oil weighted in the Bakkens, which is the right focus.

HOLD

85%-90% oil in southern Saskatchewan. Great play with a long life.

BUY

One of the 2 senior players in the Bakken play, the only shale oil amongst all the shale gas plays. Long-term hold.

BUY

Was a royalty trust that converted to a corporation successfully. They didn’t slash their payout. They are oil heavy rather than gas heavy. They are a major acquirer in the Saskatchewan area. Could have a correction in the short term.

BUY ON WEAKNESS

Converted from a trust. Loads of growth with years of prospects in the Bakkens. A little expensive so try to buy it on weakness.

PAST TOP PICK

(A Top Pick Oct 29/08. Up 66.53%.)

HOLD

Have a lot of resource plays including the Bakken. Recently made an acquisition to expand their land holdings. Have a lot of low risk development production growth. Good risk/reward.

BUY

Continues to fire on all cylinders. Have more potential drilling sites that could last over the next few years. Extremely well managed. Considerable upside left.

BUY

Have tax pools, which will help defer taxes so 7% yield is probably safe. Very large land position in Saskatchewan, which produces light crude giving high netbacks. Have a large inventory of exploration properties with low risk.

BUY ON WEAKNESS

Have a great resource play in the Bakken in Saskatchewan. Big inventory ahead of them. Valuation is starting to get high. 7% yield.

COMMENT

Buy winners at the 50-day moving average. When you miss getting in at the bottom, you don't get the “first entry” chance any more. This one has trended along the 50-day moving average line pretty well all the way up.

BUY ON WEAKNESS

One of the best names. Hard to find a good name in conventional light oil in Canada. Lands are in the best spot in the Bakkens. Very light oil which gets a premium.

BUY

For exposure in the hot Bakken play in Saskatchewan you can either do it through Crescent Point (CPG-T) or Petrobakken (PBN-T). Of the 2 he prefers Crescent Point which has the better asset base and pays a higher dividend.

TOP PICK

Saudi's to start pricing crude based on Argus Sour Crude index instead of NYMEX. Expects a lot of investors are going to be looking for pure oil plays. Great reserves. Good entry point.

BUY

Great company. Has become the leader in proving up the Bakken, which is a great play in Manitoba and is extremely profitable. Management has done a great job. Very expensive and if they have any hiccups it could stop growing which could be very dangerous.

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Crescent Point Energy Corp (CPG.TO)