Crescent Point Energy Corp (CPG-T) Stock Predictions - Stockchase
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Crescent Point Energy Corp (CPG-T)

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Crescent Point Energy Cor...

CPG-T

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Crescent Point Energy Corp (CPG-T) SAVE Feb, 21, 2019, 10:38 pm

3.89 0.07 (1.77%)

About Crescent Point Energy Corp (CPG-T)

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

What the experts are saying about CPG-T



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DON'T BUY

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.

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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.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$3.740
Owned Owned
Yes

COMMENT
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.
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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.
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$3.260
Owned Owned
Unknown

DON'T BUY
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.
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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.
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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$3.420
Owned Owned
Unknown

COMMENT
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.
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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.
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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$3.640
Owned Owned
Unknown

DON'T BUY
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.
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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.
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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$3.850
Owned Owned
Unknown

SPECULATIVE BUY
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.
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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.
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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$3.950
Owned Owned
Unknown

COMMENT
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.
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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.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$3.870
Owned Owned
Unknown

DON'T BUY
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.
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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.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.060
Owned Owned
No

WAIT
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.
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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.
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$4.430
Owned Owned
Unknown

HOLD
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.
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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.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$4.660
Owned Owned
Unknown

SPECULATIVE BUY
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.
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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.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$4.410
Owned Owned
No

COMMENT
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.
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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.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$4.440
Owned Owned
Unknown

BUY
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.
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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.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$4.500
Owned Owned
Unknown

TOP PICK
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)
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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)
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$4.380
Owned Owned
No

SPECULATIVE BUY
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.
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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.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$4.180
Owned Owned
Unknown

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