Crescent Point Energy Corp

CPG-T

TSE:CPG

5.08
0.17 (3.46%)
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.
More at Wikipedia

Analysis and Opinions about CPG-T

Signal
Opinion
Expert
SELL STRENGTH
SELL STRENGTH
February 16, 2021
A value trap that tumbled from $40 to $20 to lower over the years. Fortunately, it's now seeing a bit of a turnaround. However, the world is pushing away from oil and towards green energy. That said, CPG could continue to move up, though not back up to its heyday. He would pass, but he expects CPG to rise as the oil price does. He doesn't own any energy now.
Show full opinionHide full opinion
A value trap that tumbled from $40 to $20 to lower over the years. Fortunately, it's now seeing a bit of a turnaround. However, the world is pushing away from oil and towards green energy. That said, CPG could continue to move up, though not back up to its heyday. He would pass, but he expects CPG to rise as the oil price does. He doesn't own any energy now.
PAST TOP PICK
PAST TOP PICK
December 29, 2020
(A Top Pick Dec 10/19, Down 40%) Of course, he didn't foresee oil prices going negative (in April). CPG is not in a bad position here. North of $40/barrel, they can generate decent cash flow. It's decent.
Show full opinionHide full opinion
(A Top Pick Dec 10/19, Down 40%) Of course, he didn't foresee oil prices going negative (in April). CPG is not in a bad position here. North of $40/barrel, they can generate decent cash flow. It's decent.
PAST TOP PICK
PAST TOP PICK
December 11, 2020
(A Top Pick Dec 19/19, Down 44%) They are deleveraging and have pulled off some asset dispositions. They are doing everything the market has asked them for. It is under pressure because you need market scale to attract investors. We need to see further consolidation. You need 19-20% free cash flow yield at $60 oil.
Show full opinionHide full opinion
(A Top Pick Dec 19/19, Down 44%) They are deleveraging and have pulled off some asset dispositions. They are doing everything the market has asked them for. It is under pressure because you need market scale to attract investors. We need to see further consolidation. You need 19-20% free cash flow yield at $60 oil.
BUY
BUY
December 8, 2020

WCP vs. CPG Both are good given strong sector rotation coming back to energy. Owns WCP for the dividend and growth potential.

Show full opinionHide full opinion

WCP vs. CPG Both are good given strong sector rotation coming back to energy. Owns WCP for the dividend and growth potential.

WEAK BUY
WEAK BUY
November 23, 2020

He met with the new management team a year ago and it seemed they were doing the right things: cleaning up the balance sheet, getting decline rates lower by divesting some properties. The share price is starting to reflect stronger oil markets. He thinks you should go with Whitecap Resources (WCP-T) to invest in the Canadian oil sector. BP-N is another to look at.

Show full opinionHide full opinion

He met with the new management team a year ago and it seemed they were doing the right things: cleaning up the balance sheet, getting decline rates lower by divesting some properties. The share price is starting to reflect stronger oil markets. He thinks you should go with Whitecap Resources (WCP-T) to invest in the Canadian oil sector. BP-N is another to look at.

PAST TOP PICK
PAST TOP PICK
November 20, 2020
(A Top Pick Dec 19/19, Down 60%) It offers meaningful cashflow. They are treading water but have meaningful leverage to an increasing oil price. At $50, it will trade at 24% free cashflow yield, at $60. 60%. It could potentially amalgamate with other companies in the area.
Show full opinionHide full opinion
(A Top Pick Dec 19/19, Down 60%) It offers meaningful cashflow. They are treading water but have meaningful leverage to an increasing oil price. At $50, it will trade at 24% free cashflow yield, at $60. 60%. It could potentially amalgamate with other companies in the area.
DON'T BUY
DON'T BUY
November 11, 2020

Still a wounded animal, though getting better. Valuation is around 7.8x. It is a levered play to oil, but you have a much better risk/reward with Arc Resources, Advantage, or Suncor. Global growth, US shale, environmental concerns are complicating factors.

Show full opinionHide full opinion

Still a wounded animal, though getting better. Valuation is around 7.8x. It is a levered play to oil, but you have a much better risk/reward with Arc Resources, Advantage, or Suncor. Global growth, US shale, environmental concerns are complicating factors.

PAST TOP PICK
PAST TOP PICK
October 13, 2020
(A Top Pick Oct 18/19, Down 64%) He recommended this long before Covid. Still owns it. The oil industry has been decimated and hard to get excited over.
Show full opinionHide full opinion
(A Top Pick Oct 18/19, Down 64%) He recommended this long before Covid. Still owns it. The oil industry has been decimated and hard to get excited over.
HOLD
HOLD
September 18, 2020
It is undoubtably inexpensive at 3x cashflow. However, he no longer owns this because there are other opportunities, but there is nothing wrong with this name.
Show full opinionHide full opinion
It is undoubtably inexpensive at 3x cashflow. However, he no longer owns this because there are other opportunities, but there is nothing wrong with this name.
PAST TOP PICK
PAST TOP PICK
September 3, 2020
(A Top Pick Oct 18/19, Down 56%) Worries about the balance sheet. Most of these companies don't make money unless oil is over $50.
Show full opinionHide full opinion
(A Top Pick Oct 18/19, Down 56%) Worries about the balance sheet. Most of these companies don't make money unless oil is over $50.
PAST TOP PICK
PAST TOP PICK
August 6, 2020
(A Top Pick Aug 30/19, Down 43%) The oil fundamentals are stronger now than the start of the year. Looking at the multiple compression that happened in the sector, he expects the value of the stock to double once the macro environment normalizes.
Show full opinionHide full opinion
(A Top Pick Aug 30/19, Down 43%) The oil fundamentals are stronger now than the start of the year. Looking at the multiple compression that happened in the sector, he expects the value of the stock to double once the macro environment normalizes.
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
(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.
Showing 1 to 15 of 1,311 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 21

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, 21 stock analysts published opinions about CPG-T. 14 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is SELL ON STRENGTH. 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 Cole Kachur on 2021-02-16. 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?

21 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 2021-03-04, Crescent Point Energy Corp (CPG-T) stock closed at a price of $5.08.