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

Has been very active on the acquisition front. Would like to see them slow down a bit and consolidate what they have. Very good balance sheet. Very good company and good valuation.

BUY

Have proven to be very ineffective purchasers and exploiters of oil assets.

BUY

Acquired Mission Oil (MSO-T) at a high price versus comparable acquisitions, but got some really high quality issues along with some land values. Yields about 12%. Good things to come.

TOP PICK

Has been pretty beaten up because of an acquisition of Mission Oil and Gas. He can see some real upside on this with a real growth in reserves..

DON'T BUY

14.2% yield. Income trusts had a pretty strong pounding. The market is indicating that oil is going down.

TOP PICK

He really likes this trust. It has a 13.9% yield. It is a buy at 18.00.

BUY ON WEAKNESS

The recent pullback is probably going to continue over the next couple of months, which will give you a good buying opportunity. Pick a bad day and buy. Good, gas weighted trust. Have been able to extract more through developmental engineering than through exploitation techniques. Relatively low risk.

BUY

Has a good asset base. Good job in managing its production. Acceptable payout ratio. A commodity cyclical that depends on the price of oil.

TOP PICK

An excellent play on oil. They made some interesting acquisitions. Good management. Excellent technical expertise. 10.5% yield.

BUY

An oily trust. Has been making add-on acquisitions. Management has been good at this and it is showing growth. Longer term, his concern would be that, as it makes more acquisitions, it would be harder for it to grow and become more of a maintenance trust.

BUY

Weighted a little bit more are on the gassy side. Continuing to make acquisitions, so the percentage will change. Payout ratio is very comfortable so shouldn't be affected too much by changes in gas prices.

TOP PICK

(A Top Pick Feb 3/06. No change.) Oil weighted. Aggressive management team. Focused on acquisitions in Saskatchewan. 11.1 years reserve life which is better than average. A very good entry point.

BUY

Reserve life is 7/8 years. Likes management which is a very conservative group. Have consolidated in a geographic area and have got to know the area very well. Made some smart acquisitions.

BUY

More of a focus to oil. Core holdings in Saskatchewan and Alberta. Payout ratio of about 67/68%. Excellent management.

BUY ON WEAKNESS

Oil weighted. The reserve life index has been moved from 8 years to over 11 years. Have done a great job of acquiring properties and growing their reserve life.

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Crescent Point Energy Corp (CPG.TO)