Crescent Point Energy Corp | StockChase
1127
Crescent Point Energy Corp (CPG-T)

Last Price Recorded: $9.5700 on 2017-11-17

ON STOCKCHASE SINCE Jan 2004

oil/gas

Crescent Point Energy Corp


Signal Opinion Expert

2017-11-15

COMMENT
Crescent Point Energy Corp (CPG-T)

You have oil generally flattish in Cdn$ terms, but because of the total apathy towards the space, there has been a selloff in a lot of names. He can see the attraction of this, because it is trading at a 5X inner pipe to cash flow using strip. It used to trade 8X or 9X. If you look at what the assets should be valued at, you basically have cash cows that is funding their user (?) basin where they are getting some pretty good results. If you blacked out the basin, well results relative to well costs looks pretty good. This is undervalued relative to where oil is. Due to the management discount on it, he struggles to see how it would outperform long-term. 

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $9.630
Owned: Unknown

2017-11-09

WATCH
Crescent Point Energy Corp (CPG-T)

It is trading below book value and was at a premium in the past.  There has been no growth in numbers recently.  The market wants to see a growth story.  He is watching it and may launch coverage.  After this tax loss selling if it backs off to $8 then it could be an attractive buy.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $11.080
Owned: Unknown

2017-11-06

COMMENT
Crescent Point Energy Corp (CPG-T)

He still likes this. It’s been one of the worst performers. What was off with them was the amount of equity they raised over a period of time, and they flooded the market. They have a very good land base with good drilling opportunities. Cash flow has been relatively strong. He's been adding to his holdings recently.

oil/gas
John Zechner

Chairman, J. Zechner & Assoc

Price: $11.250
Owned: Yes

2017-11-03

COMMENT
Crescent Point Energy Corp (CPG-T)

This is probably way too cheap. Trading at around 5.8X. Doing a good job of selling their non-core assets. One of the prominent light oil producers in Canada. They've had really strong production growth over the years. However, he models very low growth over the next couple of years. Has 126% payout ratio, so the dividend is not safe. Trading at 3X 2018 and 2019, which has him not being a buyer.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $10.480
Owned: No

2017-11-01

SELL
Crescent Point Energy Corp (CPG-T)

Has had a bit of a pop recently, but that directly correlates with oil prices. Oil is not in a rush to get to $70-$80 anytime soon. Based on that, he would be selling this and moving on.

oil/gas
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $10.520
Owned: No

2017-10-30

COMMENT
Crescent Point Energy Corp (CPG-T)

One thing this company has going for it is that it had a low in the summer at around $8, which gives it a floor. You want to see this just below the $12.50 range, which is where you are going to find resistance. In place of this, you could look at a basket of stocks through the XEG-T. If expecting this to play catch-up, the odds are pretty high that it is going to stay a laggard. You don't want to be with the laggards.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $10.150
Owned: Unknown

2017-10-18

DON'T BUY
Crescent Point Energy Corp (CPG-T)

One of the larger E&P companies in the sector.  He has not been that keen on the sector as of late.  The problem is a lack of pipeline capacity to get the product out.  Western Canadian Crude is trading at a decent discount.  Profitability is not where he would like to see it with most of these Canadian companies.  You want to go best of breed.  You want to own downstream assets.  He prefers SU-T because of great upstream assets as well as refineries and service stations. 

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $9.350
Owned: Unknown

2017-10-03

HOLD
Crescent Point Energy Corp (CPG-T)

This has quality assets. Their problem has been management and their messaging to the capital markets. They lost a lot of trust when they did the equity issue last fall. At current levels, it is tremendously cheap relative to its peers and historical prices. Yields over 3%.

oil/gas
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $9.940
Owned: Yes

2017-09-19

HOLD
Crescent Point Energy Corp (CPG-T)

Had owned this, but sold it at around $17 earlier this year. He was concerned about oil prices. Investors are really being careful about having good balance sheet companies. If you have some optimism on oil prices as he does, he would probably hold onto this. It has been a little unpopular with institutional investors because of all their acquisitions. There are better stocks around if you want to buy one. Dividend yield of about 4%.

oil/gas
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Management

Price: $9.090
Owned: No

2017-09-18

HOLD
Crescent Point Energy Corp (CPG-T)

It has a book value of $17 and is trading at half that.  The numbers are compelling but there is a credibility issue with management that has to be rebuilt.  He would hold.  The balance sheet is in good shape.  You could buy when there is tax loss selling between week 2 in November to week 2 in December.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $9.010
Owned: Unknown

2017-09-15

DON'T BUY
Crescent Point Energy Corp (CPG-T)

There’s too much history amongst retail and institutional investors to want to embrace this name for the foreseeable future. Some people may have an issue with overall executive compensation relative to shareholder performance over the past 5 years.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $8.990
Owned: Unknown

2017-09-11

DON'T BUY
Crescent Point Energy Corp (CPG-T)

It is unlikely it will double in the next few months, even if oil went to $60-70 or even $100.  They need a higher oil price for the stock to move.  It is a torquey play on oil.

oil/gas
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $8.350
Owned: Unknown

2017-08-29

COMMENT
Crescent Point Energy Corp (CPG-T)

Owns a very small position. He is not buying more, which has less to do with fundamentals of the business and more to do with sentiment on energy and on the company. Historically, the street had rewarded them for making acquisitions, but more recently they have not rewarded them. Now the company has to batten down the hatches and focus on operational performance, generating cash flow and paying down debt. This trades at a low multiple and pays a nice dividend. As a long-term play, if you think oil prices are going to be at $45-$50 or higher, it is one he would hold onto.

oil/gas
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $8.270
Owned: Yes

2017-08-28

COMMENT
Crescent Point Energy Corp (CPG-T)

It has a low valuation compared to its peers.  It is oily and has lots of Saskatchewan and Utah, which is good.  The discount has gotten so big because it got out of favour so that if it traded with peers it would be a big boost. 

oil/gas
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $8.220
Owned: Unknown

2017-08-24

COMMENT
Crescent Point Energy Corp (CPG-T)

VET-T vs. CPG-T VET-T never cut their dividend with the low in oil prices.  They are a diversified, very well run company.  CPG-T is more of an oil play and more leveraged to the price of oil.

oil/gas
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $8.340
Owned: Unknown

2017-08-23

HOLD
Crescent Point Energy Corp (CPG-T)

It has not helped him to date this year.  They are doing okay.  The dividend after the cut is safe.  The growth side of it is challenged. 

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $8.430
Owned: Yes

2017-08-22

DON'T BUY
Crescent Point Energy Corp (CPG-T)

He does not own any oil companies, but if he did, it would be this one.  Oil companies are price takers and cannot control the price of their product.  Oil has reached a peak in demand and will decline as a source of energy as time go on.  Pullouts from the oil sands told him that oil had peaked in demand.  Those operators are not dummies.  Oil sands is the most expensive way to get oil.

oil/gas
David Baskin

President, Baskin Wealth Management

Price: $8.350
Owned: Unknown

2017-08-21

HOLD
Crescent Point Energy Corp (CPG-T)

It is going to turn around at some point.  There is no question.  People in India are not buying electric cars and demand will continue to grow for gas.  He thinks you will be okay if you shut out the noise. 

oil/gas
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $8.340
Owned: Unknown

2017-08-17

COMMENT
Crescent Point Energy Corp (CPG-T)

(Market Call Minute)  It will rebound nicely eventually.

oil/gas
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $8.680
Owned: Unknown

2017-08-16

HOLD
Crescent Point Energy Corp (CPG-T)

Owns a bit of this in some of her client’s portfolios from before the energy prices started to fall apart in 2014. The stock has done very poorly on the reflection of energy prices, but also has underperformed its peers. When energy troughed out in February 2016 at $26-$27, this was around $16. Now energy is up $47 and the stock is at $9. Their balance sheet is relatively strong. They have an attractive yield and she doesn’t anticipate that they are going to cut the dividend unless there is continued weakness in crude oil prices. Dividend yield of 4.2%.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $8.660
Owned: Yes

2017-08-14

WATCH
Crescent Point Energy Corp (CPG-T)

At some point it will find the floor.  He watches it because it is so badly beaten up.  He will study it for 6 months.  They took on a tremendous amount of debt.  It could go down a fair amount from here.  This is his kind of company to watch and possibly buy. 

oil/gas
Benj Gallander

President, Contra the Heard Investment Letter

Price: $8.640
Owned: Unknown

2017-08-04

DON'T BUY
Crescent Point Energy Corp (CPG-T)

The stock price has fallen below his EBV -3, which he calls going into the blue. The market is saying that the balance sheet isn’t what is stated, so there will have to be write offs, etc. With the amount of acquisitions they’ve done, there is probably a lot of goodwill that the market doesn’t like. He would avoid this.

oil/gas
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $9.490
Owned: Unknown

2017-08-04

SELL
Crescent Point Energy Corp (CPG-T)

Energy has a period of seasonal strength from late January through to the end of May. It didn’t happen this year. Chart shows that it not only developed a downward trend, it has been underperforming the rest of the oil stocks in general. So far, we have yet to see any signs of the stock bottoming.

oil/gas
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $9.490
Owned: Unknown

2017-07-28

WAIT
Crescent Point Energy Corp (CPG-T)

This is cheap. BV is over $17. They announced the results for Q2, 90% oil, 175,600 BOE’s day. They have net income of $.15 versus a loss of $.45 a year ago. The problem is, they have $4 billion in debt. If the price of oil goes down, how do they service the debt and how do they keep their volumes up. They are on a treadmill trying to keep their numbers up. If the price of oil comes down by $10-$15, they are not going to be able to keep that treadmill up. If oil goes below $40 like he expects, you will be able to buy the stock at under $8.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $9.900
Owned: Unknown

2017-07-26

PAST TOP PICK
Crescent Point Energy Corp (CPG-T)

(A Top Pick July 8/16. Down 49.62%.) The recovery in oil prices has been a lot slower than he had anticipated. The company is well-run. They can make money at present oil prices.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $9.830
Owned: Yes

2017-07-25

WATCH
Crescent Point Energy Corp (CPG-T)

It continues to decline. He thinks it is closer to the bottom than the top in oil and he has a small weight in Energy and is starting to get in.  Energy is always a trade.  Sell it when times are good.  Don’t be in a rush to put money in.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $9.700
Owned: Unknown

2017-07-21

COMMENT
Crescent Point Energy Corp (CPG-T)

For the past 5 years, the balance sheet has been slowly slipping away. That is because of the huge volatility of energy pricing. The whole oil stock complex is cheap on a Price to Book basis. However, when you value them on an earnings basis, they are not. Oil pricing keep slipping lower and lower. On this company, the PE is 50, and it is currently trading at a Price to Book of 50%.

oil/gas
Ross Healy

Chairman, Strategic Analysis Corp

Price: $9.210
Owned: Unknown

2017-07-19

SELL
Crescent Point Energy Corp (CPG-T)

If you own this, he would Sell it. Get your tax loss and move on to another name which has more upside. Management has clearly struggled for a couple of years to regain investor confidence after several stock issuances, that came with mixed messaging. There is just too much history to see this one outperform.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $9.830
Owned: No

2017-07-17

COMMENT
Crescent Point Energy Corp (CPG-T)

Historically it was the darling.  It continued to expand production as energy prices went up.  It did a lot of financing to fund its dividend and its expansion program.  Then when energy prices came down it did not fare well and later did not recover with the price of energy.  He does not know what is going to drive it higher from here.

oil/gas
Brendan Caldwell

President, Caldwell Securities

Price: $9.180
Owned: Unknown

2017-07-14

COMMENT
Crescent Point Energy Corp (CPG-T)

On a payout basis, it has a modest 12% of 4th quarter trailing cash flow, so it looks like the dividend is sustainable. Cash flow for 2017 is expected to be pretty reasonable at $3, with about a 10% increase next year to $3.36. Because there is growth, it looks like the dividend is sustainable. If oil has bottomed at $42 and heads towards $50, there is a reasonable opportunity. Dividend yield of 3.9%.

oil/gas
Robert McWhirter

President, Selective Asset Management

Price: $9.220
Owned: Unknown

2017-07-12

COMMENT
Crescent Point Energy Corp (CPG-T)

Some clients hold this from a couple of years ago, and she hasn’t bought for new clients. She is waiting for energy prices to stabilize and to see a drawdown in inventory. This company is primarily oil, so the share price is going to be dictated by where oil goes. Like many other companies, they cut their dividend in the last downturn. Their balance sheet is in pretty good shape, so if energy stays at these levels and doesn’t fall further, they could probably maintain that dividend. Dividend yield of 4.07%.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $9.170
Owned: Yes

2017-07-06

COMMENT
Crescent Point Energy Corp (CPG-T)

Has been disappointed by their performance over the last period, but mostly because the commodity price has been disappointing as well. Believes there is going to be upside in the commodity price. This company has done well changing from their past, not doing as many acquisitions and focused more on organic growth. Feels this has a lot of torque to the upside, and the balance sheet is reasonable. Anything over $40 in oil, and this company will be okay. Good place to be for the upside.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $9.400
Owned: Unknown

2017-07-05

COMMENT
Crescent Point Energy Corp (CPG-T)

He would not be Short this. If you are Bullish on crude, this would be a pretty interesting name to own. Their assets in the Saskatchewan Bakken is very good and they have a dominant position there. The company is out of favour with institutional investors after constantly raising equity. It screens quite cheaply now.

oil/gas
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $9.380
Owned: No

2017-06-27

COMMENT
Crescent Point Energy Corp (CPG-T)

Has owned this for quite some time. Feels the assets are good. They have both depth and quality of inventory. The company is very conservative with hedging and have been relatively disciplined with their balance sheet. At these levels, he feels the dividend is pretty sustainable. He has some concerns and is hoping to see some management reorganizations, which would be positive for the stock in general.

oil/gas
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $10.070
Owned: Yes

2017-06-26

COMMENT
Crescent Point Energy Corp (CPG-T)

He can’t see this or any other major oil companies turning around, until there is a better resolution on oil prices. However, it is so cheap at this point that he would think it is a take-out candidate at some time. It has just become too cheap.

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $9.970
Owned: Yes

2017-06-16

COMMENT
Crescent Point Energy Corp (CPG-T)

Had owned this in clients’ income accounts because of the good dividend, but when oil prices came under pressure and they were making all kinds of acquisitions, he decided he did not want to be in this any more and sold his holdings. The stock has come down because of low oil prices, and is getting to a point where it might be a reasonable buy as a trade, but we are not there yet.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $11.240
Owned: No

2017-06-16

COMMENT
Crescent Point Energy Corp (CPG-T)

This one really depends on how much exposure you already have to energy. If you are underweight, then you can start sniffing around. Balance sheets really matter if you have a world of $35-$40 oil for a long period of time. He doesn’t think that is going to happen. Expects oil will be for $38-$58, and if he is right, this is probably a really good name.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $11.240
Owned: Unknown

2017-06-14

COMMENT
Crescent Point Energy Corp (CPG-T)

Their execution over the past 12 months has not been great, and the stock market is not very patient. He is just coming around now to look at this, because it just might get too cheap. The impression is that their operating issues are fixable and they are fixing them, but you are not seeing it in the numbers yet.

oil/gas
Bill Harris, CFA

Portfolio Manager, Avenue Investment Management

Price: $11.170
Owned: No

2017-06-12

COMMENT
Crescent Point Energy Corp (CPG-T)

A very cheap stock. BV is $17.68, and the stock is trading much below that at $11.78. Production is the issue. They’re at about 173,000 BOEs a day in the 1st quarter of 2017. Talking about their guidance of 172,000, so really there is no growth in production this year. The market is concerned because 1) they did an equity issue and 2) where is growth going to come from. Potentially you could see this break the $10 range. Very cheap at these levels and they have a balance sheet that can survive. Likes the company, but it does have some near-term volatility.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $11.780
Owned: No

2017-06-06

COMMENT
Crescent Point Energy Corp (CPG-T)

In a registered account. Not his favourite company. They are serial issuers and the sector is rolling over. They really haven’t created that much long-term shareholder value. However, it is also one of the best companies to own if the energy sector recovers. Has great leverage to oil prices, and is a “go to” name for many, many large institutions. That makes it worth holding if you can’t utilize a tax loss. If you are outside of a registered account, there are better names out there.

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $12.160
Owned: Unknown

2017-06-06

DON'T BUY
Crescent Point Energy Corp (CPG-T)

This is a good company. Inexpensive with good assets and good management. The big problem is the reputation of being a serial equity issuer. However, the broader problem is, where is the upside going to come from for an energy company or an oil/gas company. The commodity is range bound. There is just not enough reason to be bullish on energy right now. He sees another year or so, if not longer, of range bound oil markets.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $12.160
Owned: Unknown

2017-06-02

COMMENT
Crescent Point Energy Corp (CPG-T)

The mean estimate for this year, December 17 is $.38 in terms of earnings. They are still paying out $.36. His model price has gone up from $2-$3 to $11. It closed at $12.06 and is still a negative 8%, and he thinks it goes down to probably the single digits level.

oil/gas
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $11.710
Owned: Unknown

2017-05-29

DON'T BUY
Crescent Point Energy Corp (CPG-T)

52 week low today.  It has become a value stock.  He’d have a hard time being a buyer.  He prefers others. 

oil/gas
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $12.110
Owned: Unknown

2017-05-25

COMMENT
Crescent Point Energy Corp (CPG-T)

His outlook is that you are going to get oil trading at $50-$60, and just kind of grind higher over time as inventories decline. In the last quarter, they did some purchases of land, but also sold land to offset that. They have great land positions, but the market isn’t going to pay them for that right now.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $12.260
Owned: Yes

2017-05-24

HOLD
Crescent Point Energy Corp (CPG-T)

They hold high quality assets, but questions the structure of the company and how management really raises equity. Too frequently for him. Any time you do anything, management goes out and raises equity, diluting existing shareholders, making the former dividend harder to pay.

oil/gas
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $13.030
Owned: No

2017-05-23

DON'T BUY
Crescent Point Energy Corp (CPG-T)

They are trying to reinvent their story. While they may have decent assets, their Canadian business is partially showing signs of aging. He doesn’t see them attracting the interests of US investors. In Canada, investors have had a bad decade with this name.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $13.180
Owned: No

2017-05-18

DON'T BUY
Crescent Point Energy Corp (CPG-T)

One of the best managed intermediates that you can buy, but nobody cares. You might as well accept that fact for a while. They came up with some really super earnings, and the stock has just gone down. You really have to believe in the energy sector, and right now a lot of people south of the border do not believe in our energy sector.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $12.900
Owned: Yes

2017-05-17

COMMENT
Crescent Point Energy Corp (CPG-T)

A good operator. If he were going to own oil, it might be one he would think about. He is not going to own any oil companies, because there is lots of evidence that there is too much production capability around the world. As soon as the oil price does go up, more production comes online.

oil/gas
David Baskin

President, Baskin Wealth Management

Price: $12.780
Owned: No

2017-05-16

HOLD
Crescent Point Energy Corp (CPG-T)

Though she has this in some portfolios, she has not been actively buying for a couple of years. The stock price will be dictated by where crude prices go. If the OPEC production cuts have more effect, and we start to see inventory drawdowns, then energy names can start working. This company has been known to issue a lot of equity to fund positions to grow their inventory land. The last issue they did was not very well received. They have a very attractive land base to drill from, so she doesn’t expect they will be looking to acquire more.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $13.160
Owned: Yes

2017-05-09

COMMENT
Crescent Point Energy Corp (CPG-T)

Sell Baytex (BTE-T) and Crescent Point (CPG-T) and move into Teck Resources (TECK.B-T)? Crescent Point and Baytex had high dividends. When oil fell, the dividend strategy collapsed. From this, he learned don’t rely on commodity stocks to pay dividends. Both are down in the dumps, but both are good names. Baytex probably has a little more debt than he would like, but this one is really trying to remake itself. If looking for torque in a portfolio, you will probably get more in the near term, from a base metal stock that you would from an oil stock.

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $13.110
Owned: Unknown

2017-05-08

COMMENT
Crescent Point Energy Corp (CPG-T)

After that enormous run we had he thinks oil will settle down to where it is supposed to be.  CPG-T will have to adjust to current price levels and get costs down so you can get more valuation.

oil/gas
Ross Healy

Chairman, Strategic Analysis Corp

Price: $13.330
Owned: Unknown

2017-05-03

DON'T BUY
Crescent Point Energy Corp (CPG-T)

This has been basing for a good year and a half. Looks like there is some support in the low double digits, close to $13, maybe $12. If it could bounce off that, it could be okay. It is not showing any signs of wanting to break out of its pattern. The chart also shows a series of lower highs and lower lows, and the hope for it is that the support of $10 will kick in real soon. If he owned it, he would be really worried that the $12 support might crack. If it does, Sell.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $13.000
Owned: Unknown

2017-05-01

DON'T BUY
Crescent Point Energy Corp (CPG-T)

He stopped owning it and liking it because they were a serial issuer of stock for acquisitions.  Also, he prefers Nat Gas stocks. 

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $13.130
Owned: No

2017-04-25

DON'T BUY
Crescent Point Energy Corp (CPG-T)

Chart shows it has been going down since mid 2016, even in the times when oil has rallied. This is a show me stock at this point. Investors don’t believe them anymore. Also, he is not bullish on oil at this time.

oil/gas
Brooke Thackray

President, Jov Investment Management

Price: $13.360
Owned: Unknown

2017-04-24

COMMENT
Crescent Point Energy Corp (CPG-T)

Thinks many people are discouraged by its lack of activities. They keep on making acquisitions of companies with prospective areas, or land plays, and issue shares to cover that. Right now, they have a reserve life of 15 years, and about 12 wells to be drilled. They have 3 recovery methods. 1.) Drilling. 2.) Water floods which takes a recovery rate from 15% up to 25%. It has an unbelievable upside in production rates. He can see this going up through the years to 200,000-300,000 barrels a day, but the question is, will the stock do anything.

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $13.360
Owned: Yes

2017-04-21

COMMENT
Crescent Point Energy Corp (CPG-T)

Hitting a 52-week low. Payout ratio is under 100%. Growth rate is not bad. A name he has liked because production has increased every year since 2014. It isn’t the best in the oil patch in terms of efficiency, but it should be trading at a lot more than what it is currently. Thinks the fall has probably been overdone. Yield of 2.7%.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $13.620
Owned: Unknown

2017-04-19

COMMENT
Crescent Point Energy Corp (CPG-T)

He owns no commodity oil producers. Oil has done well twice during his investment career. It did well when Japan industrialized in the 60s and 70s. Peaked in 1979 at $40 a barrel, and bottomed 18 years later at $8. China came along in 2002 and it started to perk up again. Meanwhile, the Western world is working hard to become more energy efficient and switching to natural gas, which has become abundant. Companies like this do very well when there is peak pricing. It is a high risk/high cost provider, but they do best when prices go up because there is lots of leverage.

oil/gas
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Group

Price: $13.730
Owned: No

2017-04-18

HOLD
Crescent Point Energy Corp (CPG-T)

Feels this is fully valued. It is implementing big water floods to try and tweak the reservoir and keep the decline rate more manageable. A really well-managed company, but he doesn’t really see any strong growth or any particular reason you need to have this.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $14.040
Owned: Unknown

2017-04-10

COMMENT
Crescent Point Energy Corp (CPG-T)

Chart shows the 50-day moving average coming right along the top of the prices. Each time it got up to the 50-day moving average, it brought in some sellers. He took a half position in energy, even though the strong seasonality started about 1.5 months ago. You could see this come as low as $14, and then bring in some buyers. It has a positive MACD, so it’s getting momentum and money starting to flow into it, but that doesn’t mean you still can’t get some volatility. Anywhere between $14.70 and $14.40 is probably a reasonable less risky entry point.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $14.980
Owned: Unknown

2017-04-07

COMMENT
Crescent Point Energy Corp (CPG-T)

This was the darling of the street in 2014. With the erosion in the price and the balance sheet issues, they had to cut back on the dividend. They now have $2.7 billion of debt against $9.6 billion of equity. The BV is $17.61. It isn’t often that you have companies trading below BV. Thinks the stock will go down another $1-$2 because of concern about the balance sheet and not much growth.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $14.270
Owned: Unknown

2017-04-03

DON'T BUY
Crescent Point Energy Corp (CPG-T)

It has tested $10 a couple of times.  The trouble is that it is in a down trend channel.  It could get close to that $10 again.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $14.310
Owned: Unknown

2017-03-28

PAST TOP PICK
Crescent Point Energy Corp (CPG-T)

(Top Pick Feb 10/16, Up 11%) It had a great start.  Unfortunately they chose to raise some equity and the stock went down.  She still likes it a lot.  It is a core name.  She sees very good wealth creation ability.  They have good netbacks.  They have a good balance sheet.  They are now seeing results from water flood in 6 months, down from a year.  This is a game changer.  She still sees a lot of upside in it.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $14.820
Owned: Yes

2017-03-24

HOLD
Crescent Point Energy Corp (CPG-T)

They have done everything right.  The balance sheet is pretty good.  They are really cheap relative to peers.  They still have good production growth.  But the cash flow in 2018 is projected to be lower than in 2015.  It depends on your view of oil prices.  They continue to decrease costs every year, so a year or two out they may be fine.  It will be very attractive if oil prices go higher.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $14.440
Owned: Unknown

2017-03-23

PAST TOP PICK
Crescent Point Energy Corp (CPG-T)

(Top Pick Apr 7/16, Down 17%) He struggles to see what gets this story re-rated.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $14.370
Owned: No

2017-03-20

COMMENT
Crescent Point Energy Corp (CPG-T)

He likes this. It has high leverage to oil prices, and he believes oil prices are going to go higher from here. This has one of the best land positions in Saskatchewan, Manitoba, and the US. In the past, they’ve had some issues with excess of issuing shares that diluted the company on a short-term basis. He feels they are putting a stop to that and will do much better going forward.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $14.280
Owned: Yes

2017-03-16

COMMENT
Crescent Point Energy Corp (CPG-T)

Average down? His biggest issue is that they seem to be serial issuers of stock. They continue to dilute the existing shareholder base, not a friendly thing to do. The US assets are great and they have increased production, but it is important to focus on production growth per share, and this one gets diluted down. They’ve already cut their dividend.

oil/gas
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $14.610
Owned: No

2017-03-09

BUY
Crescent Point Energy Corp (CPG-T)

This is a good time to be investing in this. It has had a long-term track record of success. They’ve stumbled in recent quarters and their production was down. When you have a company with a strong track record that stumbles for the short term, it is very likely that they are going to get back on their feet and resume the growth track record that they had.

oil/gas
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $14.240
Owned: Unknown

2017-03-03

HOLD
Crescent Point Energy Corp (CPG-T)

This has been beaten up pretty thoroughly over the last while. They came out with a new issue, and that really was tough. It was a bought deal, and ended up in the banks, and the stock hasn’t recovered since. The company is still a well-managed intermediate company. Feels oil is going to go back into the $60 range. They have excellent properties in the Bakken area.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $15.060
Owned: Unknown

2017-02-24

HOLD
Crescent Point Energy Corp (CPG-T)

This has underperformed. They did a stock issue that investors were not too happy with. In terms of communication, this company has not been the best. There have been rumours of potential activists investors coming in, but the company has stated that there is no one really interested. Thinks it is going to be a “show me” story. They have great technical expertise and have been able to increase production in the past.

oil/gas
Bill Shaw

Partner & Portfolio Manager, Exponent Investment Management

Price: $14.990
Owned: Unknown

2017-02-23

SELL
Crescent Point Energy Corp (CPG-T)

Last year they did a share offering, and then cut the dividends. Should I hold or dump? The stock got hit pretty hard about 2 years ago when oil prices dropped. He would not hang onto this any longer. A well-run company, but there is nothing you can do about it. As long as oil is trading in the neighbourhood of the low to mid $50, it is difficult for this company to make money.

oil/gas
John DeGoey

Portfolio Manager, Industrial Alliance Securities

Price: $15.730
Owned: Unknown

2017-02-21

BUY
Crescent Point Energy Corp (CPG-T)

One of Canada’s preeminent oil companies. The largest landholder on the Canadian Bakken play in Saskatchewan, and have built a very big company on the back of that. One of the more profitable oil plays. We are now in a bottoming and slowly rising process now with oil prices. This is probably one of the better plays in the Canadian energy patch. A lot of institutions have a sour taste because of past transactions. A good investment.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $16.310
Owned: Unknown

2017-02-17

COMMENT
Crescent Point Energy Corp (CPG-T)

It is in the sights of an active investor.  There is this downtrend and will probably run into resistance around $17.  People are interested when you get two bottoms so close. 

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $16.240
Owned: Unknown

2017-02-17

HOLD
Crescent Point Energy Corp (CPG-T)

She has been adding to the name for at least the last year and a half.  It is 90% oil and is leveraged to its price.  They are in Saskatchewan and Alberta.  Prior to the down turn in energy they were criticized for continually issuing equity to fund acquisitions.  In September of 2016, they came again to the market, but to strengthen their balance sheet and fund Cap-X.  They have lagged in this rally because of this.  We will hear more about what the activist investor wants to do.  She is going to hold on to it.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $16.240
Owned: Yes

2017-02-16

BUY
Crescent Point Energy Corp (CPG-T)

We are going into a rebound in oil prices.  It might be choppy and saw toothed, but he feels oil prices are going to firm up.  CPG-T is quite leveraged to oil prices so he would not sell it.  He would buy it.  It’s a "goto" name and gets put into the penalty box now and then.  It has a decent payout and he thinks the valuation will bounce back.

oil/gas
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $15.070
Owned: Unknown

2017-02-16

DON'T BUY
Crescent Point Energy Corp (CPG-T)

The problem with oil is that as soon as oil gets above $50, there are lots of operators ready jump into action.  The question is if CPG-T can be profitable with $50 oil.  Warrant Buffet believes oil prices will be contained forever.

oil/gas
David Baskin

President, Baskin Wealth Management

Price: $15.070
Owned: Unknown

2017-02-10

COMMENT
Crescent Point Energy Corp (CPG-T)

The knock people have against this is that in the past they were always buying assets and issuing more paper, at lower prices a lot of the time. He likes the company. They have great assets in Saskatchewan and some in the US. They’ve drilling inventory for years to come. They are taking the best of the technology and drilling longer wells. They are improving their efficiencies. This is going to be a turnaround at some point.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $15.120
Owned: Unknown

2017-02-10

COMMENT
Crescent Point Energy Corp (CPG-T)

A stock he has liked, but hasn’t owned for a long time. They went through a period where they were serial acquirers and serial issuers of stock. They went through a time where they didn’t make acquisitions and didn’t buy any other companies, and he thought that was great, and then they went and did it again. He would rather be buying energy companies where they are not diluting him down every time they start to grow.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $15.120
Owned: No

2017-02-08

PAST TOP PICK
Crescent Point Energy Corp (CPG-T)

(A Top Pick March 21/16. Down 21.19%.) This has been a disappointment. When he recommended this, oil prices were lower. After he recommended it they raised money at about $19.30, and ever since, the stock has been under quite a lot of pressure. There was a lot of misinformation from the company stating they weren’t cutting the dividend, and then they did; they were going to raise equity, and then they did a $500 million equity deal. He still owns some, but has trimmed over the last 6 months.

oil/gas
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $14.450
Owned: Yes

2017-02-06

SELL
Crescent Point Energy Corp (CPG-T)

He is so bearish on this one… We had a negative transit through EBV -1.  He has a $6.58 model price.  There are still bad times ahead. 

oil/gas
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $14.060
Owned: Unknown

2017-02-06

HOLD
Crescent Point Energy Corp (CPG-T)

The stock broke a long downtrend from 2014 and has been basing. From a bigger perspective, that is not a bad thing. Right now, this is in no man’s land and you can’t make a trading decision. If you own it already, he would continue to Hold to see if it could hold $12, and if it does you are probably safe for a while.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $14.060
Owned: Unknown

2017-02-03

HOLD
Crescent Point Energy Corp (CPG-T)

Has great faith in this company’s management. They were a little slow in cutting their dividend. They are going to survive. Has some good land. They have lots of properties. Where people are worried about the US border tax they have lots of lands in North Dakota.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $14.790
Owned: Unknown

2017-02-01

BUY
Crescent Point Energy Corp (CPG-T)

This was a darling of the energy sector for many years. When it cut its dividend, that takes a long time to come back. The trajectory of dividend is far more important than magnitude. They had sustained their big dividend and their big capital spends through doing continuous equity offerings. Doesn’t think the border tax is going to affect Canadian energy stocks. This is still a very good play and a very low cost energy space in Canada, and not a bad way to participate.

oil/gas
Brendan Caldwell

President, Caldwell Securities

Price: $15.070
Owned: Yes

2017-02-01

COMMENT
Crescent Point Energy Corp (CPG-T)

Whitecap Resources (WCP-T) or Crescent Point (CPG-T)? Two different types of companies. Whitecap is more of a growth company paying a dividend, while Crescent Point is much more mature. CPG-T pays a fairly good dividend.  They’ve amassed a great deal of property with a lot of drilling opportunities over the next number of years. He owns a little and is quite comfortable holding it as it has a good balance sheet. If looking for steady, long term prospects, this is probably the one you should stick with.

oil/gas
Michael Sprung

President, Sprung Investment Management

Price: $15.070
Owned: Yes

2017-01-31

DON'T BUY
Crescent Point Energy Corp (CPG-T)

(Market Call Minute.) Probably a value trap. People have given up on the name. It is probably going to stay cheap for the foreseeable future.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $15.170
Owned: Unknown

2017-01-23

BUY on WEAKNESS
Crescent Point Energy Corp (CPG-T)

He sold it and took a small profit.  He trades very short term.  It is a great company and got a lot lower than when he bought it.  He does not like it here.  Wait for the next major down turn.

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $15.390
Owned: No

2017-01-23

DON'T BUY
Crescent Point Energy Corp (CPG-T)

Predominantly oil with very good assets. There are a couple of problems. The main one is that they have been a serial issuer of equity. The last one was around $19, so you are going to be bumping up against that level going forward. The yield is not very much right now, so you are kind of in the middle of nowhere right now.

oil/gas
Steve DiGregorio

Portfolio Manager, Canoe Financial

Price: $15.390
Owned: No

2017-01-19

HOLD
Crescent Point Energy Corp (CPG-T)

One of two Canadian oil stocks that he thinks have upside potential.  Definitively hold it if you have it.  He likes this and IMO-N, having upside potential in the oil sector.

oil/gas
Ross Healy

Chairman, Strategic Analysis Corp

Price: $15.910
Owned: Unknown

2017-01-18

COMMENT
Crescent Point Energy Corp (CPG-T)

A “go to” stock when oil runs, but in terms of quality names, he just doesn’t put this in the “good quality” category. There are some headwinds against it. He would rather own a company that doesn’t issue stock all the time. Not a bad company, but just not anywhere close to his favourite. (See Top Picks.)

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $16.000
Owned: Unknown

2017-01-18

WAIT
Crescent Point Energy Corp (CPG-T)

This is becoming a much better name. He is now modelling $58 oil for 2017. Based on that, this is very cheap relative to its peers. Trading at about 6.6X versus its peers at about 8.9X. Its balance sheet has become much better. Payout ratio is about 94%, and it is paying you to wait. Feels this has come off because of concerns that the supply response for US shale has perked up, but also there is a concern of the border tax for Canadian oil producers. Not sure he would buy this quite yet.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $16.000
Owned: Unknown

2017-01-09

WAIT
Crescent Point Energy Corp (CPG-T)

They lowered their costs.  They are big in Alberta and Saskatchewan as well as the US.  They were a very good hedger.  Their hedge for Q1 and Q2 will put them in a good position if the price of oil goes down in Q1 and Q2 of this year.  The company is shrinking because of the lack of Cap-X.  They have to build to replace declines.  Buy after an oil price decline.  The market now wants to see them grow by drilling.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $17.120
Owned: Unknown

2017-01-05

COMMENT
Crescent Point Energy Corp (CPG-T)

This had been hurt. It was poking its head up and was starting to outperform, and then they did an equity issue which hurt them again. He cut his position in half last year. Expects the dividend will come back. As the year goes on, if oil prices stay at the $45-$55 area, the company does a good job at finding oil and bring it on cost effectively. He is going to continue to Hold. It will probably yield between 3% and 4% in dividends.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $18.000
Owned: Yes

2017-01-04

COMMENT
Crescent Point Energy Corp (CPG-T)

Most retail investors don’t like this because it has underperformed for a long time. They have great oil assets in Saskatchewan, and have drilling plays they can drill for the next 20 years. The problem is, they have done a lot of acquisitions. Trading below $20 and should do well in an oil recovery. If you think oil is going back to $60-$70, this is a great company. He likes this.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $18.160
Owned: Yes

2017-01-04

COMMENT
Crescent Point Energy Corp (CPG-T)

If he were going to own an oil company, this would certainly be on the list. He doesn’t own any oil companies because he believes the market is very likely to be oversupplied again in the short run. There is so much fracing capacity that, when oil prices go down, a supply deficit will quickly turn into a supply surplus. He also has grave doubts about OPEC sticking to its resolution.

oil/gas
David Baskin

President, Baskin Wealth Management

Price: $18.160
Owned: No

2016-12-29

DON'T BUY
Crescent Point Energy Corp (CPG-T)

It needs a lot of capital to maintain its production.  They have to spend a lot of money to stand still and the dividend takes a lot to sustain.  They have built a pretty good foot print and he has to give them credit for that.

oil/gas
Steve Belisle

Senior Portfolio Manager & Managing Director, Manulife Asset Management

Price: $18.390
Owned: Unknown

2016-12-23

COMMENT
Crescent Point Energy Corp (CPG-T)

He is not bullish on oils in general, and is underweight. This whole OPEC agreement just doesn’t do it for him. They always cheat. The biggest winner in this, is US shale. This company is probably one of the better valuations in the sector. Costs are down. They have a good land base to drill on going forward. One of the better cash generators, and this is a good valuation. He has taken a little bit of money off the table on this.

oil/gas
John Zechner

Chairman, J. Zechner & Assoc

Price: $18.170
Owned: Yes

2016-12-21

BUY
Crescent Point Energy Corp (CPG-T)

So much depends on how far you think oil can go. He is optimistic and thinks the price is going to go up. If you buy it here, he thinks you can make money. They manufacture oil as opposed to searching for it. It has a good yield. Thinks it is going to go into the low to mid $20s in the next up move, presuming oil goes to $55-$60.

oil/gas
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $18.600
Owned: Yes

2016-12-21

COMMENT
Crescent Point Energy Corp (CPG-T)

If this company meets all of its expectations, it is not too bad. He sees projections of cash flow somewhere near $5, 2-3 years out. If they achieve that, then you could certainly justify the current valuation. It has always had tremendous properties, of which they have been fairly successful at maturing. However, they continued paying a ridiculous dividend for many, many years, which was largely financed by their DRIP plan. They don’t do that anymore. Trading at over 4X BV, whereas at one time it used to be trading at 2X. Still a bit rich for him.

oil/gas
Michael Sprung

President, Sprung Investment Management

Price: $18.600
Owned: No

2016-12-19

TOP PICK
Crescent Point Energy Corp (CPG-T)

There is tremendous positive hidden leverage.  They have an inventory of 8000 wells that will keep them going for 12 years.  They have applied water flood very successfully.  (Analysts’ Target: $23.40).

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $19.000
Owned: Yes

2016-12-14

COMMENT
Crescent Point Energy Corp (CPG-T)

All energy companies have restructured to a lower crude oil price. If crude stays in the $55 area, this company should be okay. They’ve raised some equity to fund their CapX program, and are applying some new technology to their oil wells with some positive results. If crude oil stabilizes, the stock price should slowly climb.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $18.380
Owned: Yes

2016-12-06

COMMENT
Crescent Point Energy Corp (CPG-T)

Has been a disappointing performer this year. The bright side is, you have an opportunity to buy this at a valuation that is almost at a historical low. They have an enormous depth of inventory. The well results from their US holdings is very encouraging. They are doing some very novel things in terms of water flood. Have cut drilling times from 8 days to 5 days in a year in the Bakken. Sentiment has been poor for them. This would be a buying opportunity for a long-term holder.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments

Price: $17.540
Owned: Yes

2016-12-02

COMMENT
Crescent Point Energy Corp (CPG-T)

This has been a disappointment. The stock went up to $23-$24, and backed off to the low $20, and then into the high teens. They then came out with a huge equity issue, which absolutely killed the market, and is still sort of recovering from that. He still likes it. One of the best managed intermediate oil companies in Canada. They are in the Bakken area where they can actually produce oil and make money at $50. Close enough to the US where they have good pipeline access. That is going to improve. This would still be his choice in the market. Dividend yield of 2.09%.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $17.190
Owned: Yes

2016-11-24

DON'T BUY
Crescent Point Energy Corp (CPG-T)

Had been paying out way too much in distribution to shareholders. People bought it for the dividend, and then the company cut the distribution. At these prices, everybody in that sector is having trouble making money. This is not a low-cost producer. He would recommend that you look for stronger businesses.

oil/gas
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $16.400
Owned: Unknown

2016-11-21

COMMENT
Crescent Point Energy Corp (CPG-T)

He just started going through their numbers again, because the company sold off significantly. People used to buy this because of the great dividend, which has now come down to about a 2% yield. Because of that, they lost a lot of dividend type investors. It is unfair to the company, because they are operating within their cash flow. They have great low cost assets in south central Saskatchewan. He likes management. Having come down to $15, he is looking at buying it.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $16.380
Owned: No

2016-11-15

WAIT
Crescent Point Energy Corp (CPG-T)

Has held a very small position in this, but hasn’t been adding to it for the last couple of years. It is going to be predicated on what oil prices do going forward. This, along with the other oil producers, have cut capital spending. They’ve raised some equity to shore up their balance sheet and to make sure they can fund the capital in exploration activities that they want to do.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $16.050
Owned: Yes

2016-11-10

BUY
Crescent Point Energy Corp (CPG-T)

One of Canada’s largest energy companies, doing a great job of acquisitions.  They are in some very good places.  They are sensitive to the price of oil and they are acquisition-driven.  People worried about the leverage with declining commodity prices, which are now finding a bottom.  They are in the penalty box, but management will work their way through this.  It is probably fairly valued, but could benefit from some macro events coming.

oil/gas
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Management

Price: $14.710
Owned: Unknown

2016-11-10

PAST TOP PICK
Crescent Point Energy Corp (CPG-T)

(A Top Pick Nov 10/15. Down 16.48%.) This has been a difficult holding. In commodity purchases, he tries to look at the asset value, and that carrying the day. This company continues to execute flawlessly. In a conventional oil company, you are looking for inventory, and this is a company that has done a good job in amassing a great deal of inventory while maintaining a clean balance sheet. They cut their dividend and said they were going to pursue organic growth, and then did an equity issue in the fall which really caused some management credibility issues. Trading at a discount to peers and has much better asset qualities. There is probably a good margin of safety on this now.

oil/gas
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $14.710
Owned: Yes

2016-10-28

DON'T BUY
Crescent Point Energy Corp (CPG-T)

They normally issue for acquisitions that are accretive.  But you always get all this stock coming at you.  They got the message in the spring.  And then in the last little while they issued stock again.  They did it only for the balance sheet but he thinks they shot themselves in the foot.  We need a couple of quarters of decent earnings and cash flow growth. 

oil/gas
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $16.070
Owned: Unknown

2016-10-26

HOLD
Crescent Point Energy Corp (CPG-T)

(Market Call Minute.) There are others he would prefer.

oil/gas
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $16.870
Owned: Unknown

2016-10-25

COMMENT
Crescent Point Energy Corp (CPG-T)

He likes this company. This is a way to get exposure to increasing oil prices. They have a fair bit of leverage to a rising oil price. Recently did an equity financing, which didn’t actually go over that well, which is part of the reason why the stock pulled back. He thinks there is a bit of a catch-up trade here, as investors warm up to this.

oil/gas
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $17.150
Owned: Yes

2016-10-24

COMMENT
Crescent Point Energy Corp (CPG-T)

One of the best managed companies in the oil patch. If you see $50 oil prices next year, this is going to do quite well. At $55 oil, it will produce about $125 million in free cash flow, after dividend and after CapX. At $60, which he doesn’t think will happen, you will see as much as $250 million free cash flow. This is really a high-tech company in the sense that they’ve taken the wells they have discovered and have applied a technical approach, water flood #1, which has virtually doubled the output per well, and they are doing some other stuff with liners which also enhances. They have 7000 potential locations, many of which could be applied with water flood. As long as the oil price hangs in, you’ll see a gradual upward trend.

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $17.350
Owned: Yes

2016-10-21

COMMENT
Crescent Point Energy Corp (CPG-T)

Great asset base. Transitioning into more of being like a senior producer where the growth rate is going to be less. He likes this. Dividend yield of about 2%, and the ability to grow it will improve as oil gets closer to $60-$65.

oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $17.470
Owned: Yes

2016-10-21

COMMENT
Crescent Point Energy Corp (CPG-T)

If oil stays over $50, would they increase the dividend? He is modelling $54 oil next year, and this is becoming a really exciting company again. Priced a lot better than its peers. One of the few companies that have had steady production growth over the last 5 years. If you believe oil is going to be above $50, you can own this here. He doesn’t know if they will need to increase their dividend to attract capital.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $17.470
Owned: Unknown

2016-10-19

COMMENT
Crescent Point Energy Corp (CPG-T)

An excellent company, but very sensitive to oil prices. It will rally up and down quite hard as crude oil prices move up and down. It has a reputation of being a serial equity issuer, which is justified to a certain degree, but overall it is a good company. There will be a lot of volatility.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $17.790
Owned: Unknown

2016-10-13

COMMENT
Crescent Point Energy Corp (CPG-T)

Doesn’t think this will get back to last year’s levels. A great company with great assets, but oil is only worth what oil is worth. In his view, oil can’t go past a certain point now, because of the excess supply that is out there waiting to come into the market, and the number of drilling rigs that can be employed very quickly, which will drive down the cost of the commodity.

oil/gas
David Baskin

President, Baskin Wealth Management

Price: $17.490
Owned: No

2016-10-07

COMMENT
Crescent Point Energy Corp (CPG-T)

As a stock, this is mispriced. It is undervalued. In order for that situation to get rectified, they need people to care. About a month ago, they came to market to do a raise, and the reasons for doing it sounded really, really quite poor. This has tainted the institutional interest. The appetite for the stock is not what it was. It is going to take time.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $17.710
Owned: Unknown

2016-10-07

COMMENT
Crescent Point Energy Corp (CPG-T)

Oil stocks have had a good run, and then got beaten up. He thinks oil is going to go higher, and continues to pick away at this. A well-run company, one of the best run oil companies in Canada. It is into the Bakken area which is relatively cheap oil. Longer-term he thinks the stock is fine.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $17.710
Owned: Yes

2016-10-03

DON'T BUY
Crescent Point Energy Corp (CPG-T)

It has been a disappointment this year.  They cut their dividend.  Their business model became suspect when oil prices dropped.  The bloom has come off this one.  He sold when he thought the dividend was at risk.  It is not a bad play on oil, but the luster on the stock is off.

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $17.530
Owned: No

2016-09-27

COMMENT
Crescent Point Energy Corp (CPG-T)

(Market Call Minute.) He is still quite cautious on energy. This is one of the higher-quality names, although they have had to cut their dividend and issue more shares. He would rather have Suncor (SU-T).

oil/gas
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $16.370
Owned: No

2016-09-23

COMMENT
Crescent Point Energy Corp (CPG-T)

He doesn’t know if oil is going to recover right away, but if it does it will be really good for this company. They just came to market with another big deal recently and it could be argued that they raised their share count by almost 7%. When looking at the metrics, he sees cash flow per share is set to fall from 2015 to 2017 by 5% per year, which is not uncommon in the oil patch. Right now the stock is very cheap and the deal they just did falls to their balance sheet which gives them time to wait out lower oil for longer, or gives them a better war chest to be opportunistic and make acquisitions. The key to all these companies is the balance sheet. If you like oil, at this level you can buy this. The dividend is sustainable even at $45 oil.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $16.810
Owned: Unknown

2016-09-21

COMMENT
Crescent Point Energy Corp (CPG-T)

Well-run. If he were adding another company to his portfolio, this would be a candidate. They have good production growth ahead of them and they have put their balance sheet in shape. Management has a pretty good track record and he thinks it will continue.

oil/gas
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Management

Price: $17.510
Owned: No

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1 Comment

mylund

December 19th 2013 at 9:44am

Who would be railing their crude in North America?


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