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Crescent Point Energy Corp (CPG-T) has recently garnered attention for its transformation into a more focused and economically viable company. Analysts note that the company has moved away from acquiring low-quality wells and is now strategically investing in high-potential drilling inventories, particularly in the Montney and Duvernay regions. This shift, combined with a conservative and respected board, positions the company for significant growth. The forecast projects a promising free cash flow, with a return to shareholders expected to rise to 80% within a year. Despite recent resistance levels in share price, experts remain optimistic, suggesting a target price around $20, which surpasses the analysts’ consensus price target of $14.63.
The CPG today is not the CPG of old. It used to have a lot of low-grade wells and bought a lot of companies. Now, they have a serious drilling inventory in the Montney and Duvernay, economic ones in the latter. The board is now conservative and respected. they have more than enough . He projects 3.5x free cash flow inventory, 60% returns to shareholders and the rest to the bank to pay off purchases. In a year or so, that ratio should be 80/20. Meanwhile, are buying back shares and continue drilling profitable wells. He targets around $20. It ticks all the boxes.
(Analysts’ price target is $14.63)Very misunderstood and still perceived as management drilling 100 barrel per day wells in SE Saskatchewan. Rather, a lot has changed, repositioned into the Duvernay and Montney regions with two decades of high-quality inventory now, drilling some of the best wells ever. They will return 60% of their free cash flow to investors and are actively buying back shares. Are paying down debt more next year. He targets $19.28. Lots of upside.
(Analysts’ price target is $13.46)Recent M&A not being rewarded by market. Investors would rather return of capital, rather than buying new assets. Out of favor stock. OVerall, demand for energy rising. Strong business with good management team. Current share price very cheap. Good for long term investors who are patient. Generating strong cash flow, with ability to pay down debt.
Hammerhead was a good deal, horrific timing with oil falling overnight. Deal is 11% accretive on free cashflow per share, extended premium inventory life from 15 years to 20. He sees 75% potential upside at $80 oil. Yield is 4.21%.
He's pro-M&A, if it allows a company to pay shareholders more. CEO promised him last week that the company "is done" with M&A.
Never a good sign when your stock issue gets hung up. Timing wasn't ideal, with weaker sentiment on oil below $80. New concerns about acquisition binges. Special dividend was a "teaser". On the sidelines, due to short-term indigestion on the acquisition. May need dispositions to bring debt back down.
Crescent Point Energy Corp is a OTC stock, trading under the symbol CPG-T on the (). It is usually referred to as or CPG-T
In the last year, 3 stock analysts published opinions about CPG-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crescent Point Energy Corp.
Crescent Point Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Crescent Point Energy Corp.
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.
3 stock analysts on Stockchase covered Crescent Point Energy Corp In the last year. It is a trending stock that is worth watching.
On , Crescent Point Energy Corp (CPG-T) stock closed at a price of $.
Great company. Looking at the chart, big wall of resistance it just couldn't get through. Then it broke out. If you own it, hold. If it pulls back to the neckline, he'd be all over it.