Crescent Point Energy Corp

CPG-T

TSE:CPG

0.91
0.09 (9.00%)
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
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.
DON'T BUY
DON'T BUY
June 17, 2019
This used to be his largest oil holding. Investors are worried. The whole oil complex is under pressure, but this is a good company. Canada doesn't have a pipeline, and he doesn't see that changing soon. However, if another pipeline is built, then CPG will greatly recover. He doesn't own much oil, only 3-5% in his portfolio.
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This used to be his largest oil holding. Investors are worried. The whole oil complex is under pressure, but this is a good company. Canada doesn't have a pipeline, and he doesn't see that changing soon. However, if another pipeline is built, then CPG will greatly recover. He doesn't own much oil, only 3-5% in his portfolio.
DON'T BUY
DON'T BUY
June 14, 2019
Oil in two years He can't predict oil. He won't touch this, not even at $4. They've made their balance sheet worse. His model price $5.31. There are more write-offs--and pain--to come.
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Oil in two years He can't predict oil. He won't touch this, not even at $4. They've made their balance sheet worse. His model price $5.31. There are more write-offs--and pain--to come.
COMMENT
COMMENT
June 10, 2019
They have debt and when you don't know your revenue, debt is a scary thing. The question is how do you feel about oil prices. He does not think fack wells are that attractive unless you have lots of capital. It depends where you think oil prices are going in Western Canada.
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They have debt and when you don't know your revenue, debt is a scary thing. The question is how do you feel about oil prices. He does not think fack wells are that attractive unless you have lots of capital. It depends where you think oil prices are going in Western Canada.
DON'T BUY
DON'T BUY
May 15, 2019
CPG-T has gone through a rough spell. Despite higher oil prices, they have not recovered to the same degree. He blames their last acquisition as it forced them to cut the dividend. They are no longer the glamour stock. They have to "show me" before he gets back in. He would pursue the bigger more liquid names first.
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CPG-T has gone through a rough spell. Despite higher oil prices, they have not recovered to the same degree. He blames their last acquisition as it forced them to cut the dividend. They are no longer the glamour stock. They have to "show me" before he gets back in. He would pursue the bigger more liquid names first.
WATCH
WATCH
May 9, 2019
They should be cautious before raising the dividend. There is a lot going on in the oil patch in Canada. It consolidated and then there was a downturn and it is still in a consolidation phase. May 9 is the end of the seasonal period for it so there will be more consolidation for the sector at this point. There is nothing wrong with it but he would wait on it.
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They should be cautious before raising the dividend. There is a lot going on in the oil patch in Canada. It consolidated and then there was a downturn and it is still in a consolidation phase. May 9 is the end of the seasonal period for it so there will be more consolidation for the sector at this point. There is nothing wrong with it but he would wait on it.
COMMENT
COMMENT
April 29, 2019
The company has revamped, but the market hasn't responded. Is it a takeover target? Their payout used to be over 100% and issued more and more equity. That model is gone, and it's now much more sustainable. They have solid assets in the Prairies. When Canada changes governments and foreign capital buys Canadian energy stocks again, then CPG will definitely be a takeover target.
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The company has revamped, but the market hasn't responded. Is it a takeover target? Their payout used to be over 100% and issued more and more equity. That model is gone, and it's now much more sustainable. They have solid assets in the Prairies. When Canada changes governments and foreign capital buys Canadian energy stocks again, then CPG will definitely be a takeover target.
COMMENT
COMMENT
April 26, 2019
ATH-T is a prior top pick that he sold about a month ago to buy CPG-T (who has been buying back shares on free cash-flow). He has concerns over ATH-T liquidity in the market and he held heavy oil exposure in other bigger names. ATH-T has done well to deleverage their balance sheet.
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ATH-T is a prior top pick that he sold about a month ago to buy CPG-T (who has been buying back shares on free cash-flow). He has concerns over ATH-T liquidity in the market and he held heavy oil exposure in other bigger names. ATH-T has done well to deleverage their balance sheet.
TOP PICK
TOP PICK
April 26, 2019
He has been critical of them in the past, but it is a new story. The new managment team understands the opportunity when their company trades below book value. They are trading at 26% yield of free cash flow. They should hold production flat, harvest the cash and buy back shares. They have infrastructure and production to monetize and buy back shares. Yield 0.76%. (Analysts’ price target is $7.03)
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He has been critical of them in the past, but it is a new story. The new managment team understands the opportunity when their company trades below book value. They are trading at 26% yield of free cash flow. They should hold production flat, harvest the cash and buy back shares. They have infrastructure and production to monetize and buy back shares. Yield 0.76%. (Analysts’ price target is $7.03)
DON'T BUY
DON'T BUY
April 22, 2019
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.
BUY WEAKNESS
BUY WEAKNESS
April 18, 2019
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.
Show full opinionHide full opinion
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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