Buy, Sell or Hold: Crescent Point Energy Corp (CPG-T)

TSE:CPG

5.48

0.02 (0.36%) 1d

Showing 1 to 15 of 1,321 entries

TOP PICK

Oil stocks are still cheap. Trades at 3 and a bit operating cashflow. Free cashflow generation is incredible right now. A good hold for the next year or two. More upside. Yield is 2.18%. (Analysts’ price target is $9.03)

oil / gas

COMMENT

There was an overhang from Shell. The real hindrance is that management does not get the necessity of meaningful return of capital. The stock is inexpensive, trading at 2.3x at $70, 1.9x at $80. Free cashflow is 24% at $70 and 35 at $80. Need to be more convinced they will be more aggressive with ROC.

oil / gas

COMMENT

If you keep oil and gas at these price levels for a couple quarters, they would all trade at silly levels. They are cheap. Could continue to own if you believe in oil. Likes Whitecap, Enerplus, Arc, and Advantage more. Tourmaline is another option.

oil / gas

TOP PICK

Likes the energy group. He wants the cheapest stock that's giving him a technical buy signal. Excellent balance sheet. Very strong upside potential. Recent purchase was brilliant. Yield is 1.99%. (Analysts’ price target is $8.88)

oil / gas

WATCH

He doesn't own oil. CPG has been in the penalty box for a while over concerns of leverage and the management team. Whitecap and Tamarack, for example, have stronger managers and growth profiles. However, more recently CPG has progressed by selling weaker asseets. CPG trades at a discount to those peers. Some investors recently see this as a value play in energy. Keep an eye on this and do some homework.

oil / gas

COMMENT

Likes assets, but not the setup for that size of company. How will they attract capital? Ability to do M&A is hampered. Two choices: higher dividend yield with lower growth, or consolidate with someone else. If oil goes higher, stock could take off. If not, it will be a parked car until a catalyst.

oil / gas

DON'T BUY

https://www.cbc.ca/news/canada/calgary/bitcoin-mining-black-rock-petroleum-company-1.6106978 The bitcoin miners won't drive Canadian energy producers. Instead, energy companies are price-takers. Bitcoin will find ways to alt energy sources of power. CPG itself is well-run, acquisitive and not afraid to make big deals. The CEO is trying to show capital discipline, but it's very hard to pay a dividend when your resources are being depleted and you're not in control of the pricing of what you sell. This is a cyclical business. Oil prices will likely move a bit higher. Keep your energy holdings limited and tight. In oil, he prefers Cenovus or Tourmaline or Topaz (for income).

oil / gas

TOP PICK

Down almost 20% this summer without any news. Management and board should be aggressive with their free cashflow. Paying down debt in the Duvernay purchase. Trading at 26% free cashflow yield. Would generate about $1B of free cashflow. A 10% share buy back would be effective. Balance sheet will be back in shape. (Analysts’ price target is $7.82)

oil / gas

DON'T BUY

He had left the intermediate producers behind. It is between investor bases. There is not a basis beyond a pop in the commodity price. He sticks to those that did a better job at maintaining their dividend.

oil / gas

BUY on WEAKNESS

Has pulled back. An opportunity to buy into it. Bought an asset from Shell. The Duvernay play gives them new wind. A higher cost play but worth it at $60 oil. Paid an attractive price for the acquisition. Trade at 3.3x cashflow, and could trade up to 5x cashflow. 80-90% upside. Sold it in the high $5 low $6.

oil / gas

SELL ON STRENGTH

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.

oil / gas

PAST TOP PICK

(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.

oil / gas

PAST TOP PICK

(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.

oil / gas

BUY

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

oil / gas

WEAK BUY

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.

oil / gas

Showing 1 to 15 of 1,321 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 7

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, 7 stock analysts published opinions about CPG-T. 4 analysts recommended to BUY the stock. 3 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?

7 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 2021-12-01, Crescent Point Energy Corp (CPG-T) stock closed at a price of $5.48.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.