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Crescent Point Energy Corp (CPG-T)

ON STOCKCHASE SINCE Jan 2004

oil/gas

Crescent Point Energy Cor...
CPG-T

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Signal	Opinion	Expert
BUY	Crescent Point Energy Corp(CPG-T) February 14, 2019 He would not buy it at this point. He has been short for a few years. It has fallen too far too fast. It has too much cash and not enough cash flow. oil/gas 0 0 0 0 0 0 comments	He would not buy it at this point. He has been short for a few years. It has fallen too far too fast. It has too much cash and not enough cash flow. oil/gas 0 0 0 0 0 0 comments Jason Mann CIO & Co-F, Edgehill Patners... Price $3.740 Owned Yes

COMMENT	Crescent Point Energy Corp(CPG-T) February 11, 2019 If you believe the analysts, CPG will make 33 cents in the next year which is interesting upside. His fair market value for CPG is $9. Its balance sheet is falling. It had a nice earnings rally but is dropping again. How good are their earnings forecast? This could be part of a serious rally of 100-200%. Maybe, if something interesting happens in oil. These oil stocks are so cheap. He can't advise whether to bail on this stock, but also miracles happen. oil/gas 0 0 0 0 0 0 comments	If you believe the analysts, CPG will make 33 cents in the next year which is interesting upside. His fair market value for CPG is $9. Its balance sheet is falling. It had a nice earnings rally but is dropping again. How good are their earnings forecast? This could be part of a serious rally of 100-200%. Maybe, if something interesting happens in oil. These oil stocks are so cheap. He can't advise whether to bail on this stock, but also miracles happen. oil/gas 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $3.260 Owned Unknown
DON'T BUY	Crescent Point Energy Corp(CPG-T) February 8, 2019 Spring is seasonal strength for oil strikes before driving season. Jan.12-April 24 oil gains 10% above the benchmark, positive 12 of 15 years. He's starting to be enticed by the oil stocks. True, CPG suffers lower lows and lower highs, even today. All its moving averages are still down, but this is oversold and due for a bounce. On CPG's side is that oil is in higher demand. But for now, stay away from this. oil/gas 0 0 0 0 0 0 comments	Spring is seasonal strength for oil strikes before driving season. Jan.12-April 24 oil gains 10% above the benchmark, positive 12 of 15 years. He's starting to be enticed by the oil stocks. True, CPG suffers lower lows and lower highs, even today. All its moving averages are still down, but this is oversold and due for a bounce. On CPG's side is that oil is in higher demand. But for now, stay away from this. oil/gas 0 0 0 0 0 0 comments Jon Vialoux Research A, CastleMoore Inc.... Price $3.420 Owned Unknown
COMMENT	Crescent Point Energy Corp(CPG-T) February 5, 2019 Cutting production and dividend recently, but the stock price is still low. It's the ultimate contrarian pick. Something eventually will happen to revalue this stock, like somebody buys it. Cutting the dividend and paying down debt were the right decisions they've made. With crude prices rising and the WCS spread shrinking, something will eventually happen to this stock. oil/gas 0 0 0 0 0 0 comments	Cutting production and dividend recently, but the stock price is still low. It's the ultimate contrarian pick. Something eventually will happen to revalue this stock, like somebody buys it. Cutting the dividend and paying down debt were the right decisions they've made. With crude prices rising and the WCS spread shrinking, something will eventually happen to this stock. oil/gas 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $3.640 Owned Unknown
DON'T BUY	Crescent Point Energy Corp(CPG-T) February 1, 2019 Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap. oil/gas 0 0 0 0 0 0 comments	Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap. oil/gas 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $3.850 Owned Unknown
SPECULATIVE BUY	Crescent Point Energy Corp(CPG-T) January 30, 2019 Frustrating to own. It looks cheap on paper, with solid assets and good managers. But in the past they overspent on acqusitions without generating enough returns. They've really cut back on that approach. Now, they need to sell some assets. If oil stays in the low-$50s/60s, this has enormous upside and the dividend will gradually increase. If oil reaches $65, CPG could easily double. oil/gas 0 0 0 0 0 0 comments	Frustrating to own. It looks cheap on paper, with solid assets and good managers. But in the past they overspent on acqusitions without generating enough returns. They've really cut back on that approach. Now, they need to sell some assets. If oil stays in the low-$50s/60s, this has enormous upside and the dividend will gradually increase. If oil reaches $65, CPG could easily double. oil/gas 0 0 0 0 0 0 comments Jim Huang President, T.I.P. Wealth Manage... Price $3.950 Owned Unknown
COMMENT	Crescent Point Energy Corp(CPG-T) January 29, 2019 Fundamentally, it's a bargain, but there's no guarantee of an upside. This has solid support at current levels and is a past point. It could hit $6. Exit point is $3.70 and the company may not even exist in the future. He may start buying it himself. oil/gas 0 0 0 0 0 0 comments	Fundamentally, it's a bargain, but there's no guarantee of an upside. This has solid support at current levels and is a past point. It could hit $6. Exit point is $3.70 and the company may not even exist in the future. He may start buying it himself. oil/gas 0 0 0 0 0 0 comments Jeff Parent B. VP & Portf, Castlemoore Inc.... Price $3.870 Owned Unknown
DON'T BUY	Crescent Point Energy Corp(CPG-T) January 25, 2019 If WTI goes to $70? They have done a leadership change, has cut costs and has been rationalizing assets in Sask. All the right things. The dividend has been cut to virtual zero and the share buy back is helping metrics. It is no longer loved like it once was. At $70 WTI, he would rather invest in US light oil producers or Canadian heavy oil producers. oil/gas 0 0 0 0 0 0 comments	If WTI goes to $70? They have done a leadership change, has cut costs and has been rationalizing assets in Sask. All the right things. The dividend has been cut to virtual zero and the share buy back is helping metrics. It is no longer loved like it once was. At $70 WTI, he would rather invest in US light oil producers or Canadian heavy oil producers. oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $4.060 Owned No
WAIT	Crescent Point Energy Corp(CPG-T) January 21, 2019 It was a little too levered in the downturn and they are now paying the price. The assets are quite good but it is a matter of when money will flow into the energy sector. The big guys will lift first. He would not be in a rush to buy it. oil/gas 0 0 0 0 0 0 comments	It was a little too levered in the downturn and they are now paying the price. The assets are quite good but it is a matter of when money will flow into the energy sector. The big guys will lift first. He would not be in a rush to buy it. oil/gas 0 0 0 0 0 0 comments Rick Stuchberry Portfolio , Wellington-Altus Pri... Price $4.430 Owned Unknown
HOLD	Crescent Point Energy Corp(CPG-T) January 18, 2019 What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this. oil/gas 0 0 0 0 0 0 comments	What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this. oil/gas 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $4.660 Owned Unknown
SPECULATIVE BUY	Crescent Point Energy Corp(CPG-T) January 16, 2019 He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline. oil/gas 0 0 0 0 0 0 comments	He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline. oil/gas 0 0 0 0 0 0 comments Jaime Carrasco Portfolio , Canaccord Genuity... Price $4.410 Owned No
COMMENT	Crescent Point Energy Corp(CPG-T) January 15, 2019 Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation. oil/gas 0 0 0 0 0 0 comments	Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation. oil/gas 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $4.440 Owned Unknown
BUY	Crescent Point Energy Corp(CPG-T) January 14, 2019 It looks cheap and the balance sheet is not distressed. He likes it here. The risk/reward is good. They have quality crude and get better pricing than its Alberta peers. oil/gas 0 0 0 0 0 0 comments	It looks cheap and the balance sheet is not distressed. He likes it here. The risk/reward is good. They have quality crude and get better pricing than its Alberta peers. oil/gas 0 0 0 0 0 0 comments James Hodgins Chief Inve, Curvature Hedge Stra... Price $4.500 Owned Unknown
TOP PICK	Crescent Point Energy Corp(CPG-T) January 4, 2019 Lot of sad stocks like this one. Worthy of a purchase. Nice double bottom of $3.80, so use that as an exit point. If it gets up to about $6, it's a "reversal of fortune" trade. Yield is 8.2%. (Analysts’ price target is $9.63) oil/gas 0 0 0 0 0 0 comments	Lot of sad stocks like this one. Worthy of a purchase. Nice double bottom of $3.80, so use that as an exit point. If it gets up to about $6, it's a "reversal of fortune" trade. Yield is 8.2%. (Analysts’ price target is $9.63) oil/gas 0 0 0 0 0 0 comments Jeff Parent B. VP & Portf, Castlemoore Inc.... Price $4.380 Owned No
SPECULATIVE BUY	Crescent Point Energy Corp(CPG-T) December 19, 2018 Tough place. Balance sheet keep improving but the yardstick keeps moving. Exceptionally cheap. Not the highest quality name in the space. But it is way oversold. oil/gas 0 0 0 0 0 0 comments	Tough place. Balance sheet keep improving but the yardstick keeps moving. Exceptionally cheap. Not the highest quality name in the space. But it is way oversold. oil/gas 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $4.180 Owned Unknown

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