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Crescent Point Energy Corp

CPG-T

TSE:CPG

4.45
0.36 (7.48%)
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

Analysis and Opinions about CPG-T

Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
July 30, 2021
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)
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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)
Eric Nuttall
Price
$4.560
Owned
Yes
DON'T BUY
DON'T BUY
May 10, 2021
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.
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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.
Ryan Bushell
Price
$5.220
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
March 26, 2021
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.
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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.
Eric Nuttall
Price
$5.110
Owned
No
SELL STRENGTH
SELL STRENGTH
February 16, 2021
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.
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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.
Cole Kachur
Price
$4.120
Owned
No
PAST TOP PICK
PAST TOP PICK
December 29, 2020
(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.
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(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.
John Zechner
Price
$2.925
Owned
No
PAST TOP PICK
PAST TOP PICK
December 11, 2020
(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.
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(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.
Eric Nuttall
Price
$3.090
Owned
Yes
BUY
BUY
December 8, 2020

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

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

WEAK BUY
WEAK BUY
November 23, 2020

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.

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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.

Jamie Murray
Price
$2.210
Owned
No
PAST TOP PICK
PAST TOP PICK
November 20, 2020
(A Top Pick Dec 19/19, Down 60%) It offers meaningful cashflow. They are treading water but have meaningful leverage to an increasing oil price. At $50, it will trade at 24% free cashflow yield, at $60. 60%. It could potentially amalgamate with other companies in the area.
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(A Top Pick Dec 19/19, Down 60%) It offers meaningful cashflow. They are treading water but have meaningful leverage to an increasing oil price. At $50, it will trade at 24% free cashflow yield, at $60. 60%. It could potentially amalgamate with other companies in the area.
Eric Nuttall
Price
$2.170
Owned
Yes
DON'T BUY
DON'T BUY
November 11, 2020

Still a wounded animal, though getting better. Valuation is around 7.8x. It is a levered play to oil, but you have a much better risk/reward with Arc Resources, Advantage, or Suncor. Global growth, US shale, environmental concerns are complicating factors.

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Still a wounded animal, though getting better. Valuation is around 7.8x. It is a levered play to oil, but you have a much better risk/reward with Arc Resources, Advantage, or Suncor. Global growth, US shale, environmental concerns are complicating factors.

Greg Newman
Price
$2.010
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 13, 2020
(A Top Pick Oct 18/19, Down 64%) He recommended this long before Covid. Still owns it. The oil industry has been decimated and hard to get excited over.
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(A Top Pick Oct 18/19, Down 64%) He recommended this long before Covid. Still owns it. The oil industry has been decimated and hard to get excited over.
John Zechner
Price
$1.790
Owned
Yes
HOLD
HOLD
September 18, 2020
It is undoubtably inexpensive at 3x cashflow. However, he no longer owns this because there are other opportunities, but there is nothing wrong with this name.
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It is undoubtably inexpensive at 3x cashflow. However, he no longer owns this because there are other opportunities, but there is nothing wrong with this name.
Eric Nuttall
Price
$1.900
Owned
No
PAST TOP PICK
PAST TOP PICK
September 3, 2020
(A Top Pick Oct 18/19, Down 56%) Worries about the balance sheet. Most of these companies don't make money unless oil is over $50.
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(A Top Pick Oct 18/19, Down 56%) Worries about the balance sheet. Most of these companies don't make money unless oil is over $50.
John Zechner
Price
$2.190
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 6, 2020
(A Top Pick Aug 30/19, Down 43%) The oil fundamentals are stronger now than the start of the year. Looking at the multiple compression that happened in the sector, he expects the value of the stock to double once the macro environment normalizes.
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(A Top Pick Aug 30/19, Down 43%) The oil fundamentals are stronger now than the start of the year. Looking at the multiple compression that happened in the sector, he expects the value of the stock to double once the macro environment normalizes.
Eric Nuttall
Price
$2.320
Owned
Yes
RISKY BUY
RISKY BUY
June 29, 2020
It is certainly a high risk/reward play. One thing it has going for it is a very favourable hedge going for it. The question is only going into next year, what will prices look like. They have net debt over $2 Billion. The dividend has been reduced to a level where it is hopefully sustainable. He would prefer others. However, if you want to take some risk in your portfolio, you could be well rewarded.
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It is certainly a high risk/reward play. One thing it has going for it is a very favourable hedge going for it. The question is only going into next year, what will prices look like. They have net debt over $2 Billion. The dividend has been reduced to a level where it is hopefully sustainable. He would prefer others. However, if you want to take some risk in your portfolio, you could be well rewarded.
Showing 1 to 15 of 1,314 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 13

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, 13 stock analysts published opinions about CPG-T. 9 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is 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 2021-07-30. 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?

13 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 2021-08-04, Crescent Point Energy Corp (CPG-T) stock closed at a price of $4.45.