Crescent Point Energy Corp | StockChase
1127
Crescent Point Energy Corp (CPG-T)

Last Price Recorded: $9.4500 on 2017-11-16

ON STOCKCHASE SINCE Jan 2004

oil/gas

Crescent Point Energy Corp


Signal Opinion Expert

2017-07-12

COMMENT
Crescent Point Energy Corp (CPG-T)

Some clients hold this from a couple of years ago, and she hasn’t bought for new clients. She is waiting for energy prices to stabilize and to see a drawdown in inventory. This company is primarily oil, so the share price is going to be dictated by where oil goes. Like many other companies, they cut their dividend in the last downturn. Their balance sheet is in pretty good shape, so if energy stays at these levels and doesn’t fall further, they could probably maintain that dividend. Dividend yield of 4.07%.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $9.170
Owned: Yes

2017-07-06

COMMENT
Crescent Point Energy Corp (CPG-T)

Has been disappointed by their performance over the last period, but mostly because the commodity price has been disappointing as well. Believes there is going to be upside in the commodity price. This company has done well changing from their past, not doing as many acquisitions and focused more on organic growth. Feels this has a lot of torque to the upside, and the balance sheet is reasonable. Anything over $40 in oil, and this company will be okay. Good place to be for the upside.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $9.400
Owned: Unknown

2017-07-05

COMMENT
Crescent Point Energy Corp (CPG-T)

He would not be Short this. If you are Bullish on crude, this would be a pretty interesting name to own. Their assets in the Saskatchewan Bakken is very good and they have a dominant position there. The company is out of favour with institutional investors after constantly raising equity. It screens quite cheaply now.

oil/gas
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $9.380
Owned: No

2017-06-27

COMMENT
Crescent Point Energy Corp (CPG-T)

Has owned this for quite some time. Feels the assets are good. They have both depth and quality of inventory. The company is very conservative with hedging and have been relatively disciplined with their balance sheet. At these levels, he feels the dividend is pretty sustainable. He has some concerns and is hoping to see some management reorganizations, which would be positive for the stock in general.

oil/gas
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $10.070
Owned: Yes

2017-06-26

COMMENT
Crescent Point Energy Corp (CPG-T)

He can’t see this or any other major oil companies turning around, until there is a better resolution on oil prices. However, it is so cheap at this point that he would think it is a take-out candidate at some time. It has just become too cheap.

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $9.970
Owned: Yes

2017-06-16

COMMENT
Crescent Point Energy Corp (CPG-T)

Had owned this in clients’ income accounts because of the good dividend, but when oil prices came under pressure and they were making all kinds of acquisitions, he decided he did not want to be in this any more and sold his holdings. The stock has come down because of low oil prices, and is getting to a point where it might be a reasonable buy as a trade, but we are not there yet.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $11.240
Owned: No

2017-06-16

COMMENT
Crescent Point Energy Corp (CPG-T)

This one really depends on how much exposure you already have to energy. If you are underweight, then you can start sniffing around. Balance sheets really matter if you have a world of $35-$40 oil for a long period of time. He doesn’t think that is going to happen. Expects oil will be for $38-$58, and if he is right, this is probably a really good name.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $11.240
Owned: Unknown

2017-06-14

COMMENT
Crescent Point Energy Corp (CPG-T)

Their execution over the past 12 months has not been great, and the stock market is not very patient. He is just coming around now to look at this, because it just might get too cheap. The impression is that their operating issues are fixable and they are fixing them, but you are not seeing it in the numbers yet.

oil/gas
Bill Harris, CFA

Portfolio Manager, Avenue Investment Management

Price: $11.170
Owned: No

2017-06-12

COMMENT
Crescent Point Energy Corp (CPG-T)

A very cheap stock. BV is $17.68, and the stock is trading much below that at $11.78. Production is the issue. They’re at about 173,000 BOEs a day in the 1st quarter of 2017. Talking about their guidance of 172,000, so really there is no growth in production this year. The market is concerned because 1) they did an equity issue and 2) where is growth going to come from. Potentially you could see this break the $10 range. Very cheap at these levels and they have a balance sheet that can survive. Likes the company, but it does have some near-term volatility.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $11.780
Owned: No

2017-06-06

COMMENT
Crescent Point Energy Corp (CPG-T)

In a registered account. Not his favourite company. They are serial issuers and the sector is rolling over. They really haven’t created that much long-term shareholder value. However, it is also one of the best companies to own if the energy sector recovers. Has great leverage to oil prices, and is a “go to” name for many, many large institutions. That makes it worth holding if you can’t utilize a tax loss. If you are outside of a registered account, there are better names out there.

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $12.160
Owned: Unknown

2017-06-06

DON'T BUY
Crescent Point Energy Corp (CPG-T)

This is a good company. Inexpensive with good assets and good management. The big problem is the reputation of being a serial equity issuer. However, the broader problem is, where is the upside going to come from for an energy company or an oil/gas company. The commodity is range bound. There is just not enough reason to be bullish on energy right now. He sees another year or so, if not longer, of range bound oil markets.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $12.160
Owned: Unknown

2017-06-02

COMMENT
Crescent Point Energy Corp (CPG-T)

The mean estimate for this year, December 17 is $.38 in terms of earnings. They are still paying out $.36. His model price has gone up from $2-$3 to $11. It closed at $12.06 and is still a negative 8%, and he thinks it goes down to probably the single digits level.

oil/gas
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $11.710
Owned: Unknown

2017-05-29

DON'T BUY
Crescent Point Energy Corp (CPG-T)

52 week low today.  It has become a value stock.  He’d have a hard time being a buyer.  He prefers others. 

oil/gas
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $12.110
Owned: Unknown

2017-05-25

COMMENT
Crescent Point Energy Corp (CPG-T)

His outlook is that you are going to get oil trading at $50-$60, and just kind of grind higher over time as inventories decline. In the last quarter, they did some purchases of land, but also sold land to offset that. They have great land positions, but the market isn’t going to pay them for that right now.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $12.260
Owned: Yes

2017-05-24

HOLD
Crescent Point Energy Corp (CPG-T)

They hold high quality assets, but questions the structure of the company and how management really raises equity. Too frequently for him. Any time you do anything, management goes out and raises equity, diluting existing shareholders, making the former dividend harder to pay.

oil/gas
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $13.030
Owned: No

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1 Comment

mylund

December 19th 2013 at 9:44am

Who would be railing their crude in North America?


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