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

Last Price Recorded: $9.2300 on 2017-11-20

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

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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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