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

TOP PICK

Oil/gas. Good management team. Solid balance sheet. Growth will come predominantly from the Bakken region. Undervalued and is looking for 20%-25% upside.

BUY

Roughly 80% oil and 20% gas. In a very prolific region. The geologic formations stretches into North Dakota. Very well run. 12.6% yield.

BUY

One of the better operators. Have been good through the drill bit as well as through acquisitions. Good prospects going forward.

PAST TOP PICK

(A Top Pick Nov 3/06. Up 13.8%.) 87% oil weighted. Acquired Mission Oil in February giving them a tremendous light oil pool. Good management. Have 4 years of drilling opportunities internally.

COMMENT

One of his favorite oily trusts. One of the major attractions is the "Baken field" which joins the US and Canada and supposedly a billion barrels plus. So many opportunities there. Hasn't bought recently.

PAST TOP PICK

Then $17.60 At the time they were in the middle of their transaction to buy Mission Oil and gas. That has concluded now, and he feels that this is still a good entry point for this stock.

TOP PICK

Significant upside from here. They've identified 800 to 1000 drill locations which they will use over then next two years. Risks are, commodity price risk, and seasonality in oil prices. Buy it for the long term.

HOLD

A high quality trust. Focused on large oil in place. Looking at increasing their reserves by improving production techniques. Have had a nice run up, are a bit expensive.

BUY

He owns and likes it. Has been fighting it's way back up from the October announcement. It's involved in a billion dollar pool based in Saskatchewan stretching into the states. But he's reluctant to buy because they don't know what rules are going to be.

TOP PICK

Very good management team. Good set of oil/gas assets, especially with the merger of Mission Oil. Bullish on oil/gas. Undervalued.

BUY

Very impressive reserves in Saskatchewan. Over 800 drilling opportunities. Can double reserves within 2 years. Large hedge position for 2007 and 2008. Very oil weighted.

DON'T BUY

Wouldn't be a buyer. Not a fan of oil/gas trusts.

HOLD

Highly oil weighted, which he feels is positive. Payout ratio is reasonable and they have clean balance sheet. Over the next 4 years, it has the ability to grow into the expected taxation.

BUY

Because of their tax pools, not expected to pay any tax until 2016. Have over 400 drilling locations, so can grow by the drill bit. Have some good hedging.

WATCH

Once the rules and regulations on income trusts are clear, he would probably be a buyer. Its major attraction is the recent acquisition of Mission giving it a major new field for drilling.

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Crescent Point Energy Corp (CPG.TO)