Crescent Point Energy Corp

CPG-T

TSE:CPG

1.48
0.06 (4.23%)
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
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.
BUY WEAKNESS
BUY WEAKNESS
January 24, 2020
They had a balance sheet issue and began selling assets to pay down debt, including the sale of infrastructure assets. This will reduce debt below $3 billion. Any cash generation will be levered to WTI prices as they are 90% liquids based. A rise in WTI prices will lead to more share buybacks he thinks. At $70 WTI, it traded at $20. His target price is $7. He thinks there are better names out there. Perhaps buy on weakness.
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They had a balance sheet issue and began selling assets to pay down debt, including the sale of infrastructure assets. This will reduce debt below $3 billion. Any cash generation will be levered to WTI prices as they are 90% liquids based. A rise in WTI prices will lead to more share buybacks he thinks. At $70 WTI, it traded at $20. His target price is $7. He thinks there are better names out there. Perhaps buy on weakness.
DON'T BUY
DON'T BUY
January 23, 2020
It has never been a favorite. The company has grown but the debt position has also. If the sector rallies then it will move but otherwise there is a lot of stock and high debt.
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It has never been a favorite. The company has grown but the debt position has also. If the sector rallies then it will move but otherwise there is a lot of stock and high debt.
PAST TOP PICK
PAST TOP PICK
January 3, 2020
(A Top Pick Jan 04/19, Up 37%) He recommended it at a low point last year. Today, it moved well. He strictly trades this stock and is not in it right now. However, he has made 30%-50% trading it in the past. He's getting his feet back into energy but he would prefer other names.
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(A Top Pick Jan 04/19, Up 37%) He recommended it at a low point last year. Today, it moved well. He strictly trades this stock and is not in it right now. However, he has made 30%-50% trading it in the past. He's getting his feet back into energy but he would prefer other names.
PARTIAL SELL
PARTIAL SELL
December 24, 2019
You can take profits now and re-buy later. WTI oil will likely see weakness. Big resistance at $6, so you can take some profits now. He predicts a general market pullback in January. He predicts a 10-15% pullback in CPG, but he likes the 2002-2021 outlook for CPG and oil.
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You can take profits now and re-buy later. WTI oil will likely see weakness. Big resistance at $6, so you can take some profits now. He predicts a general market pullback in January. He predicts a 10-15% pullback in CPG, but he likes the 2002-2021 outlook for CPG and oil.
WATCH
WATCH
December 20, 2019
A lot of the stocks are trading substantially below book values. They are in North Dakota and Southern Saskatchewan. They have been buying back their stocks. The dividend has been cut but the stock has been acting well.
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A lot of the stocks are trading substantially below book values. They are in North Dakota and Southern Saskatchewan. They have been buying back their stocks. The dividend has been cut but the stock has been acting well.
TOP PICK
TOP PICK
December 19, 2019
They have been buying back stock and sold mid-stream assets. It is trading at 18% free cash flow yield. It is 2.7 times enterprise value to cash flow, which is staggering considering multiple compression. They are not as exposed to pipeline bottlenecks as others. (Analysts’ price target is $7.40)
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They have been buying back stock and sold mid-stream assets. It is trading at 18% free cash flow yield. It is 2.7 times enterprise value to cash flow, which is staggering considering multiple compression. They are not as exposed to pipeline bottlenecks as others. (Analysts’ price target is $7.40)
DON'T BUY
DON'T BUY
December 16, 2019
He would not buy any E&P companies right now. You need a rally in the commodity price to get people excited. Companies are just paying down debt and buying back stock, but that won't get any attention. Look elsewhere.
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He would not buy any E&P companies right now. You need a rally in the commodity price to get people excited. Companies are just paying down debt and buying back stock, but that won't get any attention. Look elsewhere.
PAST TOP PICK
PAST TOP PICK
December 10, 2019
(A Top Pick Dec 31/18, Up 20%) He still likes it. They did wrong things in the past--issuing alot of equity--but are doing the right things now--share buybacks and selling off assets. These please shareholders, not production growth. CPG just sold its infrastructure assets last month at 7x, but the stock is trading at 3x. The balance sheet is now 2x debt-to-EBITDA.
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(A Top Pick Dec 31/18, Up 20%) He still likes it. They did wrong things in the past--issuing alot of equity--but are doing the right things now--share buybacks and selling off assets. These please shareholders, not production growth. CPG just sold its infrastructure assets last month at 7x, but the stock is trading at 3x. The balance sheet is now 2x debt-to-EBITDA.
Showing 1 to 15 of 1,292 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 16

Total Signals / Votes : 34

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, 34 stock analysts published opinions about CPG-T. 12 analysts recommended to BUY the stock. 16 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 Eric Nuttall on 2020-04-03. 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?

34 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 2020-04-08, Crescent Point Energy Corp (CPG-T) stock closed at a price of $1.48.