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

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oil/gas

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
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)
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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)
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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.
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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.
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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%.

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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%.

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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.
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It has been ignored by the street. It is an 8.4% secure dividend yield. Equity is $16 a share.
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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.
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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.
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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%.
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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%.
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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.
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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.
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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.
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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.
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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)
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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)
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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.
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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.
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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.
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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.
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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%
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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%
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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.
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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.
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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.
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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.
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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.

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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.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$6.450
Owned Owned
Unknown

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