Crescent Point Energy Corp

CPG-T

TSE:CPG

1.27
0.22 (20.95%)
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.
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Analysis and Opinions about CPG-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 10, 2019
They are well-positioned, what he wants an energy company to do. Forget about growing production, but rather get out of residual assets, improving their balance sheet and buying back shares. They're doing the opposite of what they did for years--issuing equity which drowned out valuation. They finally listened to shareholders and have reversed course. Great value at 3x operating cash flow. They just sold off infrastructure assets in Utah at 8x. Free cash flow yield is nearly 20%, which is great value. (Analysts’ price target is $7.40)
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They are well-positioned, what he wants an energy company to do. Forget about growing production, but rather get out of residual assets, improving their balance sheet and buying back shares. They're doing the opposite of what they did for years--issuing equity which drowned out valuation. They finally listened to shareholders and have reversed course. Great value at 3x operating cash flow. They just sold off infrastructure assets in Utah at 8x. Free cash flow yield is nearly 20%, which is great value. (Analysts’ price target is $7.40)
BUY
BUY
November 21, 2019
They just announced a sale of mid-stream operations in mid-Saskatchewan. An infrastructure deal will knock the debt down when it closes in Q1. They will continue to be able to pay down debt. His target is $7.50-$8.
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They just announced a sale of mid-stream operations in mid-Saskatchewan. An infrastructure deal will knock the debt down when it closes in Q1. They will continue to be able to pay down debt. His target is $7.50-$8.
HOLD
HOLD
November 15, 2019
The new CEO has payed down debt, rationalized assets and bought back stock. They are now monetizing assets at 10 times cash flow when the company is only trading at 2.8 times. All good things. If it traded back to 5 times cash flow, its share price would rise 100%.
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The new CEO has payed down debt, rationalized assets and bought back stock. They are now monetizing assets at 10 times cash flow when the company is only trading at 2.8 times. All good things. If it traded back to 5 times cash flow, its share price would rise 100%.
DON'T BUY
DON'T BUY
October 30, 2019
Oil prices? He doesn't have an oil price forecast. CPG is like a lot of other companies -- divesting assets and paying down debt. He thinks Canadian equities are dead in the water here and does not know what catalyst will help change things.
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Oil prices? He doesn't have an oil price forecast. CPG is like a lot of other companies -- divesting assets and paying down debt. He thinks Canadian equities are dead in the water here and does not know what catalyst will help change things.
Don Lato

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Price
$5.270
Owned
Unknown
WAIT
WAIT
October 25, 2019

Average down? The mid-cap energy trade has been very tough. CPG is executing on their plan, paying down debt, changing management and selling assets. If you like oil, thinking it will go up in value, it would be a good buy. We need to see large foreign investors coming back in again. You might buy CNQ instead.

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Average down? The mid-cap energy trade has been very tough. CPG is executing on their plan, paying down debt, changing management and selling assets. If you like oil, thinking it will go up in value, it would be a good buy. We need to see large foreign investors coming back in again. You might buy CNQ instead.

TOP PICK
TOP PICK
October 18, 2019
They are buying back stocks and breaking the trend of issuing more equity and growing. They have decent light oil, strong production and good cash flow generation. The energy sector risk is there, but it is a good buy among them.
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They are buying back stocks and breaking the trend of issuing more equity and growing. They have decent light oil, strong production and good cash flow generation. The energy sector risk is there, but it is a good buy among them.
COMMENT
COMMENT
October 15, 2019
They're paying down debt and buying back shares. He still doesn't like this stock or Canadian oil stocks. Wait longer. They report in November. He hopes the balance sheet looks better.
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They're paying down debt and buying back shares. He still doesn't like this stock or Canadian oil stocks. Wait longer. They report in November. He hopes the balance sheet looks better.
HOLD
HOLD
October 11, 2019
$10 in a year? They have under gone a management change and he likes the new team. They have sold assets, reduced operational costs, and maximizing cash flow to buy back stock. He would like to see them be more aggressive on the buyback next year. The stock trades at 3 times cash flow and at 74% of their liquidation value -- incredibly cheap. They plan to monetize some of their infrastructure and are buying back $100 million in shares by year end. He would like to see them buy back 10-15% of their shares next year to improve all metrics, while not foolishly production. Back to $10 would require a multiple of 5 times cash flow -- he is optimistic.
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$10 in a year? They have under gone a management change and he likes the new team. They have sold assets, reduced operational costs, and maximizing cash flow to buy back stock. He would like to see them be more aggressive on the buyback next year. The stock trades at 3 times cash flow and at 74% of their liquidation value -- incredibly cheap. They plan to monetize some of their infrastructure and are buying back $100 million in shares by year end. He would like to see them buy back 10-15% of their shares next year to improve all metrics, while not foolishly production. Back to $10 would require a multiple of 5 times cash flow -- he is optimistic.
PAST TOP PICK
PAST TOP PICK
October 10, 2019
(A Top Pick Nov 19/18, Up 3%) They had a massive asset sale. They are still planning to try to monetize some infrastructure assets.
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(A Top Pick Nov 19/18, Up 3%) They had a massive asset sale. They are still planning to try to monetize some infrastructure assets.
DON'T BUY
DON'T BUY
September 20, 2019
He thinks CPG-T should merge with a small company and re-brand itself. It looks like others in the space that have lost their credibility. They are selling assets, shrinking production, to improve the balance sheet. At best $8-$9 is the upside potential for the share price. He would prefer others in the space.
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He thinks CPG-T should merge with a small company and re-brand itself. It looks like others in the space that have lost their credibility. They are selling assets, shrinking production, to improve the balance sheet. At best $8-$9 is the upside potential for the share price. He would prefer others in the space.
DON'T BUY
DON'T BUY
September 16, 2019
They sold some assets in Utah and southeast Saskatchewan. He has a $7 target. He is not enamoured with it because they talked about selling Balkan assets, then they said they would sell mid-stream assets and then changed again when they actually sold assets. Are they selling because they have to sell or because they are focusing on their best assets?
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They sold some assets in Utah and southeast Saskatchewan. He has a $7 target. He is not enamoured with it because they talked about selling Balkan assets, then they said they would sell mid-stream assets and then changed again when they actually sold assets. Are they selling because they have to sell or because they are focusing on their best assets?
BUY
BUY
September 12, 2019
He does not know that tax loss selling could start now. He thinks people will get out of one energy and then get into another. CPG-T had quite a rally this month. It has run into resistance. It is above the 200 day average.
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He does not know that tax loss selling could start now. He thinks people will get out of one energy and then get into another. CPG-T had quite a rally this month. It has run into resistance. It is above the 200 day average.
DON'T BUY
DON'T BUY
September 12, 2019
Has gone through a lot. Cut dividend to almost zero. Criticized for past acquisitions. Now need to sell off assets and refocus, and they've done that. Chart reflects what's gone on in energy patch. She doesn't have any energy exposure now.
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Has gone through a lot. Cut dividend to almost zero. Criticized for past acquisitions. Now need to sell off assets and refocus, and they've done that. Chart reflects what's gone on in energy patch. She doesn't have any energy exposure now.
DON'T BUY
DON'T BUY
September 9, 2019
There is a play on energy names going into the election as there may be money coming into the sector depending on who wins. He would trade it but not invest in it. It should be an underweight.
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There is a play on energy names going into the election as there may be money coming into the sector depending on who wins. He would trade it but not invest in it. It should be an underweight.
DON'T BUY
DON'T BUY
September 6, 2019
Has the culture been fixed? Have they decided what to do with the dividend? He feels they have now found religion with regards to their acquisitions. The only thing that can fix them is a slow down in US oil supply -- that could take some time. Given their past on acquisitions, he would pass.
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Has the culture been fixed? Have they decided what to do with the dividend? He feels they have now found religion with regards to their acquisitions. The only thing that can fix them is a slow down in US oil supply -- that could take some time. Given their past on acquisitions, he would pass.
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