Crescent Point Energy Corp

CPG-T

TSE:CPG

2.23
0.03 (1.36%)
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
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.
TOP PICK
TOP PICK
August 30, 2019
It still has an ancient stigma, but that's old history. It trades at a 20% free cash flow yield, and trading at 70% of its liquidation value. Land interests total $1.1 billion. or 50% of its market cap. They're marketing some infrastructure assets. If they take one-third of that to pay down debt they can buyback 20% of all shares. A deep discount name that can unlock a lot of value with a catalyst. (Analysts’ price target is $6.91)
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It still has an ancient stigma, but that's old history. It trades at a 20% free cash flow yield, and trading at 70% of its liquidation value. Land interests total $1.1 billion. or 50% of its market cap. They're marketing some infrastructure assets. If they take one-third of that to pay down debt they can buyback 20% of all shares. A deep discount name that can unlock a lot of value with a catalyst. (Analysts’ price target is $6.91)
SELL STRENGTH
SELL STRENGTH
August 26, 2019
It has a debt problem. They are planning to sell assets. Now they are talking about mid-stream assets in Canada. They cut the dividend and are now talking about stock buybacks. He owns a small amount but is not enamored with it. He would sell at $7. (Analysts’ price target is $6.91)
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It has a debt problem. They are planning to sell assets. Now they are talking about mid-stream assets in Canada. They cut the dividend and are now talking about stock buybacks. He owns a small amount but is not enamored with it. He would sell at $7. (Analysts’ price target is $6.91)
BUY
BUY
August 19, 2019

He sold Suncor to buy this recently. It is hitting bottom. He bought it around $3.80, because it can jump to $5 quickly on positive news.

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He sold Suncor to buy this recently. It is hitting bottom. He bought it around $3.80, because it can jump to $5 quickly on positive news.

WAIT
WAIT
August 16, 2019
All oil stocks have been hit in a very difficult environment, though CPG itself is well-run with good value and a decent balance sheet. Wait till after tax-loss selling season.
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All oil stocks have been hit in a very difficult environment, though CPG itself is well-run with good value and a decent balance sheet. Wait till after tax-loss selling season.
TOP PICK
TOP PICK
July 19, 2019
More than any other company, they realize the need to buyback shares. They could buyback 8% of shares based on 25% free cash flow yield. It trades at only 70% of their liquidation value, so they won't spend money on growth. Balance sheet is strong. Nothing wrong here. CPG is clealy mispriced. (Analysts’ price target is $6.80)
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More than any other company, they realize the need to buyback shares. They could buyback 8% of shares based on 25% free cash flow yield. It trades at only 70% of their liquidation value, so they won't spend money on growth. Balance sheet is strong. Nothing wrong here. CPG is clealy mispriced. (Analysts’ price target is $6.80)
HOLD
HOLD
July 11, 2019

LNG had been sinking for some time, and the stock sold way off. About a 66% discount to book value right now. Earnings forecast has turned up. There is hope that oil prices are turning around, and perhaps nat gas has found a base. If you own it, don't sell.

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LNG had been sinking for some time, and the stock sold way off. About a 66% discount to book value right now. Earnings forecast has turned up. There is hope that oil prices are turning around, and perhaps nat gas has found a base. If you own it, don't sell.

HOLD
HOLD
June 24, 2019
People consider it to be very cheap. You aren’t getting per share growth because debt pay down is their priority. You need a rally in the commodity price. They will muddle along with their peers.
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People consider it to be very cheap. You aren’t getting per share growth because debt pay down is their priority. You need a rally in the commodity price. They will muddle along with their peers.
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