Crescent Point Energy Corp (CPG.TO) Buy, Sell…

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Daily Stock Opinions and Ratings

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

PARTIAL BUY

(Market Call Minute.) Have some good Bakken properties. You could put a little money into this one.

TOP PICK

80% oil. In a position where they don't have to cut distributions in the pullback of energy. Have about 175 million barrels of light oil in the Bakkens and thinks they can double that. Very high netbacks of over $50 a barrel.

HOLD

Some of the better quality royalty trusts that he would continue to hold include Crescent Point (CPG.UN-T), Vermilion (VET.UN-T) and Baytex (BTE.UN-T).

BUY

OPEC is having an emergency meeting on the 24’th of October. They continue to like this one. Have been exploiting the oil in the energy patch. They are well situated to ride out this trouble. The yield suggests (12%) the market is confident in them.

TOP PICK

Play is in its infancy. Possible takeover candidate in the long time.

PAST TOP PICK

(A Top Pick Sept 5/07. Up 102%.) Prospects continue to look very good. Good growth profile. Almost 8% yield. Over 13 years drilling inventory in front of it.

TOP PICK

Drilling wells in Bakken area of southern Saskatchewan. Light sweet crude with huge netbacks. In these wells, payoff is in 3 months. 1400 drilling locations. Success rate of 90% plus. An oil that environmentalists like with limited shipping distances. Got around trust restrictions by creating Shelter Bay, which should allow them to grow their assets.

BUY

(Market Call Minute.) Great company. Oil weighted.

BUY

Likes this trust but it is trading at a little bit of a premium multiple to its peer group. Have a lot of land in the Bakken formation in Saskatchewan.

HOLD

(Market Call Minute.) Fully valued.

COMMENT

(Arc Energy (AET.UN-T) versus Crescent Point.) A growth trust in the Bakken play. Lower Yield and is more of a growth story. At the other end when they are not trusts anymore, you’ll see better growth on this.

TOP PICK

Major player in the Bakken field. Substantial production possibilities over the next few years. Have a lot of tax pools so it will be a long time before they pay any tax. Payout ratio is very modest at 70% but could drop to 55% based on cash flows.

TOP PICK

Has been concern on all oil/gas related firms including trusts. Have been under pressure as of late but at the end of the day this one is one of the best companies to own in Western Canada. Produces predominantly in Saskatchewan through the Bakken play. Has a drilling inventory probably in excess of 10 years.

BUY

One of his favourites. 7% to 80% yield.

BUY

80% oil. Great trust. A lot of properties are concentrated in the southeast area of Saskatchewan in the Bakken play. Long-term hold. 8% distribution.

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Crescent Point Energy Corp (CPG.TO)