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

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Crescent Point Energy Cor...

CPG-T

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Crescent Point Energy Corp (CPG-T) SAVE Apr, 25, 2019, 12:58 am

5.56 0.33 (5.6%)

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



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Signal Opinion Expert
DON'T BUY
He's researched this a lot. He's disappointed with all its write-offs and he's very negative about this. The market still doesn't like some things on its balance sheet. This isn't ready to return to highs yet--but he'll keep his eye on it.
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He's researched this a lot. He's disappointed with all its write-offs and he's very negative about this. The market still doesn't like some things on its balance sheet. This isn't ready to return to highs yet--but he'll keep his eye on it.
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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$5.890
Owned Owned
Unknown

BUY on WEAKNESS
Why do they have to sell assets? Debt is 65% debt to equity. Cut the dividend. Want to pay down debt by about 1B. In the doghouse right now. Leadership is a question mark, as well as what's a core asset. It's had a bounce, up about 50%. Fabulous recovery. Stocks will cool off in Q2, but will come back in Q4. Dips are windows to buy. Numbers are cheap based on cash flow, but the problem is the debt. May be of interest if it gets below $4.50.
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Why do they have to sell assets? Debt is 65% debt to equity. Cut the dividend. Want to pay down debt by about 1B. In the doghouse right now. Leadership is a question mark, as well as what's a core asset. It's had a bounce, up about 50%. Fabulous recovery. Stocks will cool off in Q2, but will come back in Q4. Dips are windows to buy. Numbers are cheap based on cash flow, but the problem is the debt. May be of interest if it gets below $4.50.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.480
Owned Owned
Yes

SPECULATIVE BUY
He's owned this in the past and likes the management. He likes the changes they are making. But with a 1% dividend, you're looking at only equity growth. Now is a good entry point, but he wants to see light at the end of the energy tunnel--which he doesn't see first. He has a $7 buy on this as a speculative buy. He likes it.
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He's owned this in the past and likes the management. He likes the changes they are making. But with a 1% dividend, you're looking at only equity growth. Now is a good entry point, but he wants to see light at the end of the energy tunnel--which he doesn't see first. He has a $7 buy on this as a speculative buy. He likes it.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$5.480
Owned Owned
No

WAIT
She owns little Canadian oil in general. The past week oil stocks have recovered to reflect WCS prices rise. Some money has flowed back. She hasn't committed more money in this space yet. Wants to see what global oil will do for the balance of 2019.
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She owns little Canadian oil in general. The past week oil stocks have recovered to reflect WCS prices rise. Some money has flowed back. She hasn't committed more money in this space yet. Wants to see what global oil will do for the balance of 2019.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$5.360
Owned Owned
Unknown

BUY
It's been in a long downtrend. Since February though it's been upward. He sees anupside target of $6. If it breaks that, then he targets $10. It looks constructive here with possibly higher highs and higher lows.. Though it's not a sector leader, it looks positive.
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It's been in a long downtrend. Since February though it's been upward. He sees anupside target of $6. If it breaks that, then he targets $10. It looks constructive here with possibly higher highs and higher lows.. Though it's not a sector leader, it looks positive.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$5.020
Owned Owned
Unknown

HOLD
He bought in back in February around $4.
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He bought in back in February around $4.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$4.440
Owned Owned
Yes

BUY on WEAKNESS
They had a dividend that got reduced. Income investors sold and sent it down. They have 65% debt. They need to sell about $20k in assets. They are doing an issue of more stock. The stock has retreated since. He owns it and thinks it is cheap. They should have sold their crown jewels to get back on track.
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They had a dividend that got reduced. Income investors sold and sent it down. They have 65% debt. They need to sell about $20k in assets. They are doing an issue of more stock. The stock has retreated since. He owns it and thinks it is cheap. They should have sold their crown jewels to get back on track.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.290
Owned Owned
Yes

COMMENT
Obviously, it's a tough sector that's fallen at least 50%. CPG should be worth more than what it's trading at. CPG is starting to do a better job and no longer issuing shares. Rather, they're buying back shares. Until this sector takes off, CPG won't make a huge move either. He doesn't think the oil space will change much in the near future.
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Obviously, it's a tough sector that's fallen at least 50%. CPG should be worth more than what it's trading at. CPG is starting to do a better job and no longer issuing shares. Rather, they're buying back shares. Until this sector takes off, CPG won't make a huge move either. He doesn't think the oil space will change much in the near future.
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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$4.250
Owned Owned
Unknown

DON'T BUY
A market darling for a few years. When things went difficult in the oil patch they didn't react fast enough. They are still a big oil producer. There is a lot of uncertainty in that regard. A $100 oil seems to be a far away dream now. Stable but what is the catalyst for this to go higher? He doesn't know.
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A market darling for a few years. When things went difficult in the oil patch they didn't react fast enough. They are still a big oil producer. There is a lot of uncertainty in that regard. A $100 oil seems to be a far away dream now. Stable but what is the catalyst for this to go higher? He doesn't know.
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$3.990
Owned Owned
Unknown

DON'T BUY
He once owned it. They were good at growing assets and production, but they issued a lot of equity to do this. When oil prices rolled over, CPG got hurt; their debt levels went through the roof and got into a bind. New management is selling assets and cutting the dividend to deal with this problem. It'll be a struggle for them for a while. They have more assets they can sell, but buyers think they can get them cheaper.
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He once owned it. They were good at growing assets and production, but they issued a lot of equity to do this. When oil prices rolled over, CPG got hurt; their debt levels went through the roof and got into a bind. New management is selling assets and cutting the dividend to deal with this problem. It'll be a struggle for them for a while. They have more assets they can sell, but buyers think they can get them cheaper.
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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$4.070
Owned Owned
No

SELL
They reduced their dividend down to a penny. Ask yourself where the stock is going next, not where it has come from. It is hard to make a case for a high degree of upside. Their production has been shrinking. See his top picks today for one that can go back up again.
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They reduced their dividend down to a penny. Ask yourself where the stock is going next, not where it has come from. It is hard to make a case for a high degree of upside. Their production has been shrinking. See his top picks today for one that can go back up again.
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Teal Linde

Portfolio , Linde Equity Report...

Price Price
$3.970
Owned Owned
Unknown

BUY
Their asset write down was meaningless. Their reserves did not change which is what he cares about. They will generate $400M free cashflow. The stock is trading below their blowdown value. They are doing the right thing by slowing down the drilling and buying back stock. Management are doing the right thing.
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Their asset write down was meaningless. Their reserves did not change which is what he cares about. They will generate $400M free cashflow. The stock is trading below their blowdown value. They are doing the right thing by slowing down the drilling and buying back stock. Management are doing the right thing.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.040
Owned Owned
Unknown

COMMENT
The Canadian Oil and Gas sector is seriously oversold. Many of the wounds of the sector are self-imposed. He is warming up to the Canadian names as he thinks that the current political madness in Canada won't last much longer.
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The Canadian Oil and Gas sector is seriously oversold. Many of the wounds of the sector are self-imposed. He is warming up to the Canadian names as he thinks that the current political madness in Canada won't last much longer.
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$4.080
Owned Owned
No

HOLD
They reduced the dividend and turned off yield investors so the stock price dropped. They are buying back stock from the savings on the dividend. He thinks this is a mistake. The insiders are buying. He likes it when he sees this.
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They reduced the dividend and turned off yield investors so the stock price dropped. They are buying back stock from the savings on the dividend. He thinks this is a mistake. The insiders are buying. He likes it when he sees this.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.250
Owned Owned
No

DON'T BUY
For a second time this year the dividend has been cut. He does not own it today. He wants to see sustainability of production before getting back in. They have lost the confidence of the investor base. Without the dividend or credibility from management there is no reason to hold this.
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For a second time this year the dividend has been cut. He does not own it today. He wants to see sustainability of production before getting back in. They have lost the confidence of the investor base. Without the dividend or credibility from management there is no reason to hold this.
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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$4.300
Owned Owned
No

DON'T BUY
Dividend safe? Disappointing. The dividend used to be safe. He's owned it in the past.
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Dividend safe? Disappointing. The dividend used to be safe. He's owned it in the past.
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$3.980
Owned Owned
No

DON'T BUY
Not much to say beyond a downtrend with no sign of a base. He wouldn't touch it.
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Not much to say beyond a downtrend with no sign of a base. He wouldn't touch it.
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$3.950
Owned Owned
Unknown

DON'T 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.

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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.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$4.500
Owned Owned
Unknown

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