Crescent Point Energy Corp

CPG-T

TSE:CPG

2.12
0.05 (2.30%)
Crescent Point Energy Corp. is an oil and gas company based in Calgary, Alberta, Canada and Denver, Colorado, United States. The company focuses primarily on light oil production in southern Saskatchewan and the Uinta basin in Utah.
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Analysis and Opinions about CPG-T

Signal
Opinion
Expert
SPECULATIVE BUY
SPECULATIVE BUY
June 29, 2020
It is certainly a high risk/reward play. One thing it has going for it is a very favourable hedge going for it. The question is only going into next year, what will prices look like. They have net debt over $2 Billion. The dividend has been reduced to a level where it is hopefully sustainable. He would prefer others. However, if you want to take some risk in your portfolio, you could be well rewarded.
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It is certainly a high risk/reward play. One thing it has going for it is a very favourable hedge going for it. The question is only going into next year, what will prices look like. They have net debt over $2 Billion. The dividend has been reduced to a level where it is hopefully sustainable. He would prefer others. However, if you want to take some risk in your portfolio, you could be well rewarded.
BUY WEAKNESS
BUY WEAKNESS
June 23, 2020
Debt has come down after selling many assets in past years from $2.7 billion down to $2.5 billion. Expect production to decline further in coming quarters. CPG will spend money in Q4 which will raise production numbers. It's bounced up very well from its bottom earlier this spring. He's buying on weakness. He likes CPG and its assets. The key is the recovery in oil prices in Q4, which he predicts.
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Debt has come down after selling many assets in past years from $2.7 billion down to $2.5 billion. Expect production to decline further in coming quarters. CPG will spend money in Q4 which will raise production numbers. It's bounced up very well from its bottom earlier this spring. He's buying on weakness. He likes CPG and its assets. The key is the recovery in oil prices in Q4, which he predicts.
HOLD
HOLD
June 22, 2020
They are probably positioned better than most producers right now. It has had a lot of challenges prior to COVID-19. They have been restructuring for some time. They sold off non-core assets. If he were to buy a producer, this would be on his short list.
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They are probably positioned better than most producers right now. It has had a lot of challenges prior to COVID-19. They have been restructuring for some time. They sold off non-core assets. If he were to buy a producer, this would be on his short list.
PAST TOP PICK
PAST TOP PICK
June 19, 2020
(A Top Pick Aug 30/19, Down 44%) They monetized assets last year and started this year with a good balance sheet. At $50 oil prices it trades at 2.8 times cash flow -- historically it traded as high as 8 times. He thinks oil will get back to these levels by end-2020. It remains a large holding in his fund.
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(A Top Pick Aug 30/19, Down 44%) They monetized assets last year and started this year with a good balance sheet. At $50 oil prices it trades at 2.8 times cash flow -- historically it traded as high as 8 times. He thinks oil will get back to these levels by end-2020. It remains a large holding in his fund.
COMMENT
COMMENT
June 12, 2020

SU vs CPG? During the recovery of energy prices, SU has seen its balance sheet improve dramatically. CPG has worked hard and have improved their debt levels. At current oil price levels, both look okay. If he was putting money into energy, he would prefer going with the heavy weight -- SU.

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SU vs CPG? During the recovery of energy prices, SU has seen its balance sheet improve dramatically. CPG has worked hard and have improved their debt levels. At current oil price levels, both look okay. If he was putting money into energy, he would prefer going with the heavy weight -- SU.

PAST TOP PICK
PAST TOP PICK
May 15, 2020
(A Top Pick Jul 19/19, Down 56%) They did an awesome job monetizing some assets, including their Uinta holdings while getting good pricing. They will generate free cash flow as oil prices recover. They have good hedge positions. When interest levels returns to the space it should see a big rebound in value.
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(A Top Pick Jul 19/19, Down 56%) They did an awesome job monetizing some assets, including their Uinta holdings while getting good pricing. They will generate free cash flow as oil prices recover. They have good hedge positions. When interest levels returns to the space it should see a big rebound in value.
COMMENT
COMMENT
April 29, 2020

Energy is facing its toughest times. If you are bottom feeding, he might still avoid this sector. The companies that will get through the best will be the ones with their costs under control. CPG is a lower cost producer, but he would prefer someone like EOG -- the lowest cost shale producer. He thinks CPG may require more equity or debt to grow going forward.

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Energy is facing its toughest times. If you are bottom feeding, he might still avoid this sector. The companies that will get through the best will be the ones with their costs under control. CPG is a lower cost producer, but he would prefer someone like EOG -- the lowest cost shale producer. He thinks CPG may require more equity or debt to grow going forward.

DON'T BUY
DON'T BUY
April 9, 2020
CPG-T vs. MEG-T. Oil is the most important part of the Canadian economy. He would not touch either of these stocks. Both have leverage and are in financial distress. Oil is almost trading for free. Storage is getting full. It is very costly to shut down an oil sands well, and to almost the same extent to shut down a conventional well. Companies pump the crude even if they almost give it away. Neither of these companies have downstream refineries.
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CPG-T vs. MEG-T. Oil is the most important part of the Canadian economy. He would not touch either of these stocks. Both have leverage and are in financial distress. Oil is almost trading for free. Storage is getting full. It is very costly to shut down an oil sands well, and to almost the same extent to shut down a conventional well. Companies pump the crude even if they almost give it away. Neither of these companies have downstream refineries.
PAST TOP PICK
PAST TOP PICK
April 3, 2020
(A Top Pick Apr 26/19, Down 75%) It remains a core holding for him. They have a great balance sheets as they monetized some assets and hedged aggressively last year. They have about 18% of their oil hedged at $54 and 38% receives a $10 premium to WTI. They have only drawn $500 of the credit line, leaving $2 billion of capacity yet. He expects a $100 million cash burn at $25 oil.
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(A Top Pick Apr 26/19, Down 75%) It remains a core holding for him. They have a great balance sheets as they monetized some assets and hedged aggressively last year. They have about 18% of their oil hedged at $54 and 38% receives a $10 premium to WTI. They have only drawn $500 of the credit line, leaving $2 billion of capacity yet. He expects a $100 million cash burn at $25 oil.
TOP PICK
TOP PICK
March 30, 2020
In 2013/14 he was ridiculed as he said it was a sell, and now he is making it a buy. He would put a bit of money on 10 of these companies. The three that are left after this is all over will be 10 baggers. It's a lottery ticket. (Analysts’ price target is $2.44)
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In 2013/14 he was ridiculed as he said it was a sell, and now he is making it a buy. He would put a bit of money on 10 of these companies. The three that are left after this is all over will be 10 baggers. It's a lottery ticket. (Analysts’ price target is $2.44)
DON'T BUY
DON'T BUY
March 9, 2020
In January, it broke its rising trend channel, way before Black Monday today. There was no reason to own this coming into this period. It's well below its 200-day moving average. The only positive is that today it was massively oversold.
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In January, it broke its rising trend channel, way before Black Monday today. There was no reason to own this coming into this period. It's well below its 200-day moving average. The only positive is that today it was massively oversold.
PAST TOP PICK
PAST TOP PICK
March 6, 2020
(A Top Pick Apr 26/19, Down 42%) Still a Top Pick for him. It is down over 10% today. They are 50% hedged this year at $76 CAD oil prices. They will continue to do share buybacks on asset sales.
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(A Top Pick Apr 26/19, Down 42%) Still a Top Pick for him. It is down over 10% today. They are 50% hedged this year at $76 CAD oil prices. They will continue to do share buybacks on asset sales.
TOP PICK
TOP PICK
March 6, 2020
Its 50% hedged position of $56 oil is a key driver for him. They have $500 million of cash coming in from the sale of infrastructure assets. They plan to use 30% of that to buy back their shares. If you believe in $55 oil, they are trading at 83% of the well values that are currently on stream. It is trading at the lowest valuation metrics he has ever seen in his 17 year career. Yield 1.29% (Analysts’ price target is $7.36)
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Its 50% hedged position of $56 oil is a key driver for him. They have $500 million of cash coming in from the sale of infrastructure assets. They plan to use 30% of that to buy back their shares. If you believe in $55 oil, they are trading at 83% of the well values that are currently on stream. It is trading at the lowest valuation metrics he has ever seen in his 17 year career. Yield 1.29% (Analysts’ price target is $7.36)
DON'T BUY
DON'T BUY
March 4, 2020
When they cut the dividend the share price was $6, now it is under $4. Now they have a stronger balance sheet, but can not attract capital. There will continue to be ebbs and flows in confidence in this space, so you need to be with those that are stronger. To him, they will not be able to attract capital on changing market conditions.
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When they cut the dividend the share price was $6, now it is under $4. Now they have a stronger balance sheet, but can not attract capital. There will continue to be ebbs and flows in confidence in this space, so you need to be with those that are stronger. To him, they will not be able to attract capital on changing market conditions.
HOLD
HOLD
February 12, 2020
The Corona virus is reeking havoc in the oil markets currently as Chinese oil demand is reportedly down. OPEC believes oil demand will still grow this year by 1 million barrels per day. If oil goes back to $60, the stock will be trading at 2 times cash flow and generate a 17% free cash flow yield. He expects they could continue to buy back shares and pay down debt.
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The Corona virus is reeking havoc in the oil markets currently as Chinese oil demand is reportedly down. OPEC believes oil demand will still grow this year by 1 million barrels per day. If oil goes back to $60, the stock will be trading at 2 times cash flow and generate a 17% free cash flow yield. He expects they could continue to buy back shares and pay down debt.
Showing 1 to 15 of 1,300 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 13

Total Signals / Votes : 31

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, 31 stock analysts published opinions about CPG-T. 13 analysts recommended to BUY the stock. 13 analysts recommended to SELL the stock. The latest stock analyst recommendation is SPECULATIVE BUY. 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 Michael Sprung on 2020-06-29. 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?

31 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 2020-07-07, Crescent Point Energy Corp (CPG-T) stock closed at a price of $2.12.