Crescent Point Energy Corp (CPG-T) Stock Predictions - Stockchase
WATCH LIST
1230
Crescent Point Energy Corp (CPG-T)

ON STOCKCHASE SINCE Jan 2004

oil/gas

Crescent Point Energy Cor...

CPG-T

573 watching          
Join the Discussion

Crescent Point Energy Corp (CPG-T) SAVE Feb, 16, 2019, 5:45 am

3.80 0.11 (2.98%)

About Crescent Point Energy Corp (CPG-T)

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

What the experts are saying about CPG-T



  • All
  • Filtered
Signal Opinion Expert
BUY
He would not buy it at this point. He has been short for a few years. It has fallen too far too fast. It has too much cash and not enough cash flow.
oil/gas
0 0 0 0 0
0 comments
He would not buy it at this point. He has been short for a few years. It has fallen too far too fast. It has too much cash and not enough cash flow.
oil/gas
0 0 0 0 0
0 comments
Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$3.740
Owned Owned
Yes

COMMENT
If you believe the analysts, CPG will make 33 cents in the next year which is interesting upside. His fair market value for CPG is $9. Its balance sheet is falling. It had a nice earnings rally but is dropping again. How good are their earnings forecast? This could be part of a serious rally of 100-200%. Maybe, if something interesting happens in oil. These oil stocks are so cheap. He can't advise whether to bail on this stock, but also miracles happen.
oil/gas
0 0 0 0 0
0 comments
If you believe the analysts, CPG will make 33 cents in the next year which is interesting upside. His fair market value for CPG is $9. Its balance sheet is falling. It had a nice earnings rally but is dropping again. How good are their earnings forecast? This could be part of a serious rally of 100-200%. Maybe, if something interesting happens in oil. These oil stocks are so cheap. He can't advise whether to bail on this stock, but also miracles happen.
oil/gas
0 0 0 0 0
0 comments
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$3.260
Owned Owned
Unknown

DON'T BUY
Spring is seasonal strength for oil strikes before driving season. Jan.12-April 24 oil gains 10% above the benchmark, positive 12 of 15 years. He's starting to be enticed by the oil stocks. True, CPG suffers lower lows and lower highs, even today. All its moving averages are still down, but this is oversold and due for a bounce. On CPG's side is that oil is in higher demand. But for now, stay away from this.
oil/gas
0 0 0 0 0
0 comments
Spring is seasonal strength for oil strikes before driving season. Jan.12-April 24 oil gains 10% above the benchmark, positive 12 of 15 years. He's starting to be enticed by the oil stocks. True, CPG suffers lower lows and lower highs, even today. All its moving averages are still down, but this is oversold and due for a bounce. On CPG's side is that oil is in higher demand. But for now, stay away from this.
oil/gas
0 0 0 0 0
0 comments
Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$3.420
Owned Owned
Unknown

COMMENT
Cutting production and dividend recently, but the stock price is still low. It's the ultimate contrarian pick. Something eventually will happen to revalue this stock, like somebody buys it. Cutting the dividend and paying down debt were the right decisions they've made. With crude prices rising and the WCS spread shrinking, something will eventually happen to this stock.
oil/gas
0 0 0 0 0
0 comments
Cutting production and dividend recently, but the stock price is still low. It's the ultimate contrarian pick. Something eventually will happen to revalue this stock, like somebody buys it. Cutting the dividend and paying down debt were the right decisions they've made. With crude prices rising and the WCS spread shrinking, something will eventually happen to this stock.
oil/gas
0 0 0 0 0
0 comments
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$3.640
Owned Owned
Unknown

DON'T BUY
Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap.
oil/gas
0 0 0 0 0
0 comments
Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap.
oil/gas
0 0 0 0 0
0 comments
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$3.850
Owned Owned
Unknown

SPECULATIVE BUY
Frustrating to own. It looks cheap on paper, with solid assets and good managers. But in the past they overspent on acqusitions without generating enough returns. They've really cut back on that approach. Now, they need to sell some assets. If oil stays in the low-$50s/60s, this has enormous upside and the dividend will gradually increase. If oil reaches $65, CPG could easily double.
oil/gas
0 0 0 0 0
0 comments
Frustrating to own. It looks cheap on paper, with solid assets and good managers. But in the past they overspent on acqusitions without generating enough returns. They've really cut back on that approach. Now, they need to sell some assets. If oil stays in the low-$50s/60s, this has enormous upside and the dividend will gradually increase. If oil reaches $65, CPG could easily double.
oil/gas
0 0 0 0 0
0 comments
Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$3.950
Owned Owned
Unknown

COMMENT
Fundamentally, it's a bargain, but there's no guarantee of an upside. This has solid support at current levels and is a past point. It could hit $6. Exit point is $3.70 and the company may not even exist in the future. He may start buying it himself.
oil/gas
0 0 0 0 0
0 comments
Fundamentally, it's a bargain, but there's no guarantee of an upside. This has solid support at current levels and is a past point. It could hit $6. Exit point is $3.70 and the company may not even exist in the future. He may start buying it himself.
oil/gas
0 0 0 0 0
0 comments
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$3.870
Owned Owned
Unknown

DON'T BUY
If WTI goes to $70? They have done a leadership change, has cut costs and has been rationalizing assets in Sask. All the right things. The dividend has been cut to virtual zero and the share buy back is helping metrics. It is no longer loved like it once was. At $70 WTI, he would rather invest in US light oil producers or Canadian heavy oil producers.
oil/gas
0 0 0 0 0
0 comments
If WTI goes to $70? They have done a leadership change, has cut costs and has been rationalizing assets in Sask. All the right things. The dividend has been cut to virtual zero and the share buy back is helping metrics. It is no longer loved like it once was. At $70 WTI, he would rather invest in US light oil producers or Canadian heavy oil producers.
oil/gas
0 0 0 0 0
0 comments
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.060
Owned Owned
No

WAIT
It was a little too levered in the downturn and they are now paying the price. The assets are quite good but it is a matter of when money will flow into the energy sector. The big guys will lift first. He would not be in a rush to buy it.
oil/gas
0 0 0 0 0
0 comments
It was a little too levered in the downturn and they are now paying the price. The assets are quite good but it is a matter of when money will flow into the energy sector. The big guys will lift first. He would not be in a rush to buy it.
oil/gas
0 0 0 0 0
0 comments
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$4.430
Owned Owned
Unknown

HOLD
What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this.
oil/gas
0 0 0 0 0
0 comments
What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this.
oil/gas
0 0 0 0 0
0 comments
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$4.660
Owned Owned
Unknown

SPECULATIVE BUY
He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline.
oil/gas
0 0 0 0 0
0 comments
He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline.
oil/gas
0 0 0 0 0
0 comments
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$4.410
Owned Owned
No

COMMENT
Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation.
oil/gas
0 0 0 0 0
0 comments
Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation.
oil/gas
0 0 0 0 0
0 comments
Michael Sprung

President, Sprung Investment Ma...

Price Price
$4.440
Owned Owned
Unknown

BUY
It looks cheap and the balance sheet is not distressed. He likes it here. The risk/reward is good. They have quality crude and get better pricing than its Alberta peers.
oil/gas
0 0 0 0 0
0 comments
It looks cheap and the balance sheet is not distressed. He likes it here. The risk/reward is good. They have quality crude and get better pricing than its Alberta peers.
oil/gas
0 0 0 0 0
0 comments
James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$4.500
Owned Owned
Unknown

TOP PICK
Lot of sad stocks like this one. Worthy of a purchase. Nice double bottom of $3.80, so use that as an exit point. If it gets up to about $6, it's a "reversal of fortune" trade. Yield is 8.2%. (Analysts’ price target is $9.63)
oil/gas
0 0 0 0 0
0 comments
Lot of sad stocks like this one. Worthy of a purchase. Nice double bottom of $3.80, so use that as an exit point. If it gets up to about $6, it's a "reversal of fortune" trade. Yield is 8.2%. (Analysts’ price target is $9.63)
oil/gas
0 0 0 0 0
0 comments
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$4.380
Owned Owned
No

SPECULATIVE BUY
Tough place. Balance sheet keep improving but the yardstick keeps moving. Exceptionally cheap. Not the highest quality name in the space. But it is way oversold.
oil/gas
0 0 0 0 0
0 comments
Tough place. Balance sheet keep improving but the yardstick keeps moving. Exceptionally cheap. Not the highest quality name in the space. But it is way oversold.
oil/gas
0 0 0 0 0
0 comments
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$4.180
Owned Owned
Unknown

COMMENT

He owned years ago. It struggled like all oil companies. They've gradually lessened their debt and reduced exploration. They've managed production well. He isn't buying any energy. Be cautious with the dividend above 9%.

oil/gas
0 0 0 0 0
0 comments

He owned years ago. It struggled like all oil companies. They've gradually lessened their debt and reduced exploration. They've managed production well. He isn't buying any energy. Be cautious with the dividend above 9%.

oil/gas
0 0 0 0 0
0 comments
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$3.910
Owned Owned
No

BUY
It has been ignored by the street. It is an 8.4% secure dividend yield. Equity is $16 a share.
oil/gas
0 0 0 0 0
0 comments
It has been ignored by the street. It is an 8.4% secure dividend yield. Equity is $16 a share.
oil/gas
0 0 0 0 0
0 comments
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.060
Owned Owned
Unknown

DON'T BUY
Why is it so low? Canadian energy suffers from very negative sentiment, though the WCS spread has narrowed (which is good). CPG management is finally getting the point that investors don't want them to keep issuing equity. So, CPG is trying to do asset sales, but so are peers. Also, we're in tax-loss selling season. She owns very few energy producers.
oil/gas
0 0 0 0 0
0 comments
Why is it so low? Canadian energy suffers from very negative sentiment, though the WCS spread has narrowed (which is good). CPG management is finally getting the point that investors don't want them to keep issuing equity. So, CPG is trying to do asset sales, but so are peers. Also, we're in tax-loss selling season. She owns very few energy producers.
oil/gas
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$4.220
Owned Owned
No

COMMENT
Dividend safe? The black cloud over the industry affects this company, everybody loves to hate it. Last quarter was OK. This quarter we'll see if they've hedged some of their sales. Doesn't believe oil will stay this low for long, we'll be back to $50-60, even $70. Dividend is OK, though he can't guarantee it, but the cash flow supports the dividend. Yield is above 9%.
oil/gas
0 0 0 0 0
0 comments
Dividend safe? The black cloud over the industry affects this company, everybody loves to hate it. Last quarter was OK. This quarter we'll see if they've hedged some of their sales. Doesn't believe oil will stay this low for long, we'll be back to $50-60, even $70. Dividend is OK, though he can't guarantee it, but the cash flow supports the dividend. Yield is above 9%.
oil/gas
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$3.940
Owned Owned
Unknown

DON'T BUY
Vermilion (VET-T) vs Crescent Point (CPG-T) Neither of the two. Not overly optimistic on energy. He is underweight energy and sees little opportunities. Doesn't see supply cutting down anytime soon and we need that to happen for oil prices to rise. Prefers Suncor (SU-T) which is more conservative and integrated and has a decent dividend.
oil/gas
0 0 0 0 0
0 comments
Vermilion (VET-T) vs Crescent Point (CPG-T) Neither of the two. Not overly optimistic on energy. He is underweight energy and sees little opportunities. Doesn't see supply cutting down anytime soon and we need that to happen for oil prices to rise. Prefers Suncor (SU-T) which is more conservative and integrated and has a decent dividend.
oil/gas
0 0 0 0 0
0 comments
Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$4.030
Owned Owned
Unknown

COMMENT
He had shorted it, but it's fallen too far, too fast. CPG's challenge is an asset base that isn't producing cash flow relative to debt (also facing many overlevered energy companies). Terrible price momentum and very volatile. He's neutral on this. He needs to cash flow return and momentum to stabilize to get interested.
oil/gas
0 0 0 0 0
0 comments
He had shorted it, but it's fallen too far, too fast. CPG's challenge is an asset base that isn't producing cash flow relative to debt (also facing many overlevered energy companies). Terrible price momentum and very volatile. He's neutral on this. He needs to cash flow return and momentum to stabilize to get interested.
oil/gas
0 0 0 0 0
0 comments
Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$3.990
Owned Owned
No

TOP PICK
Dividend over 7%. They are going to sell about 50,000 barrels a day to knock debt off by $1 billion. It will strengthen the balance sheet. Book value is $16.70. (Analysts’ price target is $11.60)
oil/gas
0 0 0 0 0
0 comments
Dividend over 7%. They are going to sell about 50,000 barrels a day to knock debt off by $1 billion. It will strengthen the balance sheet. Book value is $16.70. (Analysts’ price target is $11.60)
oil/gas
0 0 0 0 0
0 comments
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.960
Owned Owned
No

DON'T BUY
Baytex is his largest holding. He does not own CPG and would not own this. CPG is undervalued and cheap but so is the entire sector. CPG has several challenges and he would stay away from it. Their asset base is older and more tired. So more cash flow has to go to sustain production and not allow them to grow production.
oil/gas
0 0 0 0 0
0 comments
Baytex is his largest holding. He does not own CPG and would not own this. CPG is undervalued and cheap but so is the entire sector. CPG has several challenges and he would stay away from it. Their asset base is older and more tired. So more cash flow has to go to sustain production and not allow them to grow production.
oil/gas
0 0 0 0 0
0 comments
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.940
Owned Owned
No

BUY
A love/hate stock for a long time. Before investors loved this, then it fell on rough times. The valuation is good now, but it'll be more volatile than its peers. You're okay buying it at these levels.
oil/gas
0 0 0 0 0
0 comments
A love/hate stock for a long time. Before investors loved this, then it fell on rough times. The valuation is good now, but it'll be more volatile than its peers. You're okay buying it at these levels.
oil/gas
0 0 0 0 0
0 comments
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$5.140
Owned Owned
Unknown

HOLD
She owns it but would consider it a hold and not an immediate buy. They are trying to sell some assets but may have some difficulty doing so. She expects some uncertainty in the coming quarters. She believes dividend should be fine. If they can’t sell their assets, may see a dividend cut, this is why it is a hold. Yield = 7%
oil/gas
0 0 0 0 0
0 comments
She owns it but would consider it a hold and not an immediate buy. They are trying to sell some assets but may have some difficulty doing so. She expects some uncertainty in the coming quarters. She believes dividend should be fine. If they can’t sell their assets, may see a dividend cut, this is why it is a hold. Yield = 7%
oil/gas
0 0 0 0 0
0 comments
Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$5.080
Owned Owned
Yes

DON'T BUY
The issue with CPG is that Canada is a high-cost oil producer, but CPG is producer of marginal oils, which is even worse. Also, they have lots of leverage. The low price of oil is killing them. If the price of oil shot up to $100, CPG would be the stock to own because it'll rocket, but he doesn't see this happening. He wouldn't own this or any energy stocks.
oil/gas
0 0 0 0 0
0 comments
The issue with CPG is that Canada is a high-cost oil producer, but CPG is producer of marginal oils, which is even worse. Also, they have lots of leverage. The low price of oil is killing them. If the price of oil shot up to $100, CPG would be the stock to own because it'll rocket, but he doesn't see this happening. He wouldn't own this or any energy stocks.
oil/gas
0 0 0 0 0
0 comments
Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$5.080
Owned Owned
No

SELL
Stay away – he has been saying this for five years. He sees substantial asset write-downs coming. The balance sheet is not rock solid. They will continue to lose money this year and doubts their estimates for next year. A total disaster.
oil/gas
1 0 0 0 0
0 comments
Stay away – he has been saying this for five years. He sees substantial asset write-downs coming. The balance sheet is not rock solid. They will continue to lose money this year and doubts their estimates for next year. A total disaster.
oil/gas
1 0 0 0 0
0 comments
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$5.890
Owned Owned
No

HOLD

CPG-T vs. SVE-T.  He does not think the energy sector is coming back in a big way any time soon.  There are over sold indicators so it is okay as a trade but not for long term.  We need pipeline capacity.  He is fine with CPG-T.

oil/gas
0 0 0 0 0
0 comments

CPG-T vs. SVE-T.  He does not think the energy sector is coming back in a big way any time soon.  There are over sold indicators so it is okay as a trade but not for long term.  We need pipeline capacity.  He is fine with CPG-T.

oil/gas
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$6.450
Owned Owned
Unknown

DON'T BUY

He's been long underweight energy. Management has issued more stock and cut the dividend in recent years and broke promises. CPG managers used to be conservative, no longer. He prefers other names like Suncor which is resilient when oil prices slip.

oil/gas
0 0 0 0 0
0 comments

He's been long underweight energy. Management has issued more stock and cut the dividend in recent years and broke promises. CPG managers used to be conservative, no longer. He prefers other names like Suncor which is resilient when oil prices slip.

oil/gas
0 0 0 0 0
0 comments
Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$6.220
Owned Owned
No

DON'T BUY

He met with the new management and is convinced it is not enough to change investor perception.  The level of distaste for the name is at all times high.  Exposure in Utah is also hurting as investors see them alone and it is risky and boring.  

oil/gas
0 0 0 0 0
0 comments

He met with the new management and is convinced it is not enough to change investor perception.  The level of distaste for the name is at all times high.  Exposure in Utah is also hurting as investors see them alone and it is risky and boring.  

oil/gas
0 0 0 0 0
0 comments
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$6.920
Owned Owned
No

Showing 1 to 30 of 1,230 entries
Successfully Saved Company
Successfully Saved Company