BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

CPG is not our favourite, but is certainly cheap and offers a good dividend and growth potential. The balance sheet is in much stronger shape than prior cycles, and it is one of the few in the sector expected to grow this year (with acquisitions offsetting lower pricing). Special dividends (small) will likely continue. We think it would be fine to own.
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oil / gas
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this Calgary based energy producer as a TOP PICK.  Receding forest fires have allowed 45,000 bpd of its Duvernay production to come back online.  It trades under book value and 10x earnings.  Cash reserves are growing, while debt is retired and shares bought back.  It pays a good dividend, backed by a payout ratio under 40% of cash flow.  We continue to recommend a stop at $8, looking to achieve $13 -- upside potential over 30%.  Yield 3.4%

(Analysts’ price target is $13.77)
oil / gas
PAST TOP PICK
(A Top Pick Jun 13/22, Down 23%)

Powerful balance sheet, good dividend yield. Huge upside potential based on FMV. Cheap on price to book. He's sorry for the timing of the recommendation, but sees no reason to sell outside of a year of ennui from trading sideways.

oil / gas
BUY

Cheap valuation, high free cashflow, aggressively buying back stock. Downside is inventory depth, but recent acquisition and drilling have rectified this. Can see the allure of this name much more than 3-4 months ago.

oil / gas
TOP PICK

This will do well even if WTI oil is at $70. Don't need $80 or $90. Boasts 3-4x operating cash flow and a 15% free cash flow yield. The sector is cheap. Oil prices can go grow higher. CPG stopped growing for the sake of growing, but in recent years has been paying down debt and buying back shares. Did a major acquisition and consolidating their most productive assets.

(Analysts’ price target is $13.57)
oil / gas
PAST TOP PICK
(A Top Pick Apr 26/22, Up 22%)

Good job concentrating their portfolio. Acquisition looks to the future. More profitable to do acquisitions than to drill.

oil / gas
PARTIAL BUY

Is now hitting resistance at $10. Its range is $9-10. You can enter, but make it a partial position, considering yesterday's OPEC's oil cuts and Russia. pays a nice dividend.

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 23/23, Up 8.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CPG is progressing well.  We now recommend trailing up the stop (from $7) to $8 at this time.  

oil / gas
BUY

Concern that company is inventory light.
Duvernay asset better than people believe. 
Tier 2 economics present a good investment case.
~13 years of inventory on Duvernay assets.
Pledging 50% of free cash flow returning to shareholders next year.
Good long term investment.

oil / gas
PAST TOP PICK
(A Top Pick Feb 17/22, Up 18%)

Nice in the past year and could get even better. Still bullish on oil and gas.

oil / gas
BUY

Has traded stock in the past.
Current trend line suggesting good time to buy.
Energy fundamentals strong.

oil / gas
HOLD

Company is inventory light (less than 10 years).
Better names to own in energy sector.
Current shares are mis-priced, but very short term hold given inventory concerns.


oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

We reiterate CPG, operator of low-risk,high return assets generating great cash flow, as a TOP PICK.  Less than 20% of its production is natural gas.  It is generating over $1 billion of free cash flow annually, allowing cash reserves to grow while debt is aggressively repaid and stock bought back. We recommend trailing up the stop (from $6) to $7, looking to achieve $14 — upside potential over 45%.  Yield 2.4%

(Analysts’ price target is $13.94)
oil / gas
BUY ON WEAKNESS

He's buying. Hard to resist a stock that's trading at 3-3.5x operating cashflow when they're starting to pay down debt, return cash to shareholders, and unwind mistakes of the past decade. Risk is oil prices collapsing, but he's not really worried about that despite a slowdown, as there are still lots of supply issues.

oil / gas
BUY

Good company at current share price. 
Energy stocks have stalled at current prices.
Supply/demand situation settling in.
SPR purchase by USA at $70 good for investors.
$70-$80 floor good for business. 

oil / gas
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Crescent Point Energy Corp(CPG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 27

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 33

Stockchase rating for Crescent Point Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Crescent Point Energy Corp(CPG-T) Frequently Asked Questions

What is Crescent Point Energy Corp stock symbol?

Crescent Point Energy Corp is a Canadian stock, trading under the symbol CPG-T on the Toronto Stock Exchange (CPG-CT). It is usually referred to as TSX:CPG or CPG-T

Is Crescent Point Energy Corp a buy or a sell?

In the last year, 33 stock analysts published opinions about CPG-T. 27 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crescent Point Energy Corp.

Is Crescent Point Energy Corp a good investment or a top pick?

Crescent Point Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Crescent Point Energy Corp.

Why is Crescent Point Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Crescent Point Energy Corp worth watching?

33 stock analysts on Stockchase covered Crescent Point Energy Corp In the last year. It is a trending stock that is worth watching.

What is Crescent Point Energy Corp stock price?

On 2023-06-09, Crescent Point Energy Corp (CPG-T) stock closed at a price of $9.27.