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
SPECULATIVE BUY
SPECULATIVE BUY
April 16, 2019
He's owned this in the past and likes the management. He likes the changes they are making. But with a 1% dividend, you're looking at only equity growth. Now is a good entry point, but he wants to see light at the end of the energy tunnel--which he doesn't see first. He has a $7 buy on this as a speculative buy. He likes it.
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He's owned this in the past and likes the management. He likes the changes they are making. But with a 1% dividend, you're looking at only equity growth. Now is a good entry point, but he wants to see light at the end of the energy tunnel--which he doesn't see first. He has a $7 buy on this as a speculative buy. He likes it.
WAIT
WAIT
April 10, 2019
She owns little Canadian oil in general. The past week oil stocks have recovered to reflect WCS prices rise. Some money has flowed back. She hasn't committed more money in this space yet. Wants to see what global oil will do for the balance of 2019.
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She owns little Canadian oil in general. The past week oil stocks have recovered to reflect WCS prices rise. Some money has flowed back. She hasn't committed more money in this space yet. Wants to see what global oil will do for the balance of 2019.
BUY
BUY
April 9, 2019
It's been in a long downtrend. Since February though it's been upward. He sees anupside target of $6. If it breaks that, then he targets $10. It looks constructive here with possibly higher highs and higher lows.. Though it's not a sector leader, it looks positive.
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It's been in a long downtrend. Since February though it's been upward. He sees anupside target of $6. If it breaks that, then he targets $10. It looks constructive here with possibly higher highs and higher lows.. Though it's not a sector leader, it looks positive.
HOLD
HOLD
April 5, 2019
He bought in back in February around $4.
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He bought in back in February around $4.
BUY WEAKNESS
BUY WEAKNESS
March 28, 2019
They had a dividend that got reduced. Income investors sold and sent it down. They have 65% debt. They need to sell about $20k in assets. They are doing an issue of more stock. The stock has retreated since. He owns it and thinks it is cheap. They should have sold their crown jewels to get back on track.
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They had a dividend that got reduced. Income investors sold and sent it down. They have 65% debt. They need to sell about $20k in assets. They are doing an issue of more stock. The stock has retreated since. He owns it and thinks it is cheap. They should have sold their crown jewels to get back on track.
COMMENT
COMMENT
March 25, 2019
Obviously, it's a tough sector that's fallen at least 50%. CPG should be worth more than what it's trading at. CPG is starting to do a better job and no longer issuing shares. Rather, they're buying back shares. Until this sector takes off, CPG won't make a huge move either. He doesn't think the oil space will change much in the near future.
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Obviously, it's a tough sector that's fallen at least 50%. CPG should be worth more than what it's trading at. CPG is starting to do a better job and no longer issuing shares. Rather, they're buying back shares. Until this sector takes off, CPG won't make a huge move either. He doesn't think the oil space will change much in the near future.
DON'T BUY
DON'T BUY
March 14, 2019
A market darling for a few years. When things went difficult in the oil patch they didn't react fast enough. They are still a big oil producer. There is a lot of uncertainty in that regard. A $100 oil seems to be a far away dream now. Stable but what is the catalyst for this to go higher? He doesn't know.
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A market darling for a few years. When things went difficult in the oil patch they didn't react fast enough. They are still a big oil producer. There is a lot of uncertainty in that regard. A $100 oil seems to be a far away dream now. Stable but what is the catalyst for this to go higher? He doesn't know.
DON'T BUY
DON'T BUY
March 13, 2019
He once owned it. They were good at growing assets and production, but they issued a lot of equity to do this. When oil prices rolled over, CPG got hurt; their debt levels went through the roof and got into a bind. New management is selling assets and cutting the dividend to deal with this problem. It'll be a struggle for them for a while. They have more assets they can sell, but buyers think they can get them cheaper.
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He once owned it. They were good at growing assets and production, but they issued a lot of equity to do this. When oil prices rolled over, CPG got hurt; their debt levels went through the roof and got into a bind. New management is selling assets and cutting the dividend to deal with this problem. It'll be a struggle for them for a while. They have more assets they can sell, but buyers think they can get them cheaper.
SELL
SELL
March 11, 2019
They reduced their dividend down to a penny. Ask yourself where the stock is going next, not where it has come from. It is hard to make a case for a high degree of upside. Their production has been shrinking. See his top picks today for one that can go back up again.
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They reduced their dividend down to a penny. Ask yourself where the stock is going next, not where it has come from. It is hard to make a case for a high degree of upside. Their production has been shrinking. See his top picks today for one that can go back up again.
BUY
BUY
March 8, 2019
Their asset write down was meaningless. Their reserves did not change which is what he cares about. They will generate $400M free cashflow. The stock is trading below their blowdown value. They are doing the right thing by slowing down the drilling and buying back stock. Management are doing the right thing.
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Their asset write down was meaningless. Their reserves did not change which is what he cares about. They will generate $400M free cashflow. The stock is trading below their blowdown value. They are doing the right thing by slowing down the drilling and buying back stock. Management are doing the right thing.
COMMENT
COMMENT
March 5, 2019
The Canadian Oil and Gas sector is seriously oversold. Many of the wounds of the sector are self-imposed. He is warming up to the Canadian names as he thinks that the current political madness in Canada won't last much longer.
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The Canadian Oil and Gas sector is seriously oversold. Many of the wounds of the sector are self-imposed. He is warming up to the Canadian names as he thinks that the current political madness in Canada won't last much longer.
HOLD
HOLD
February 28, 2019
They reduced the dividend and turned off yield investors so the stock price dropped. They are buying back stock from the savings on the dividend. He thinks this is a mistake. The insiders are buying. He likes it when he sees this.
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They reduced the dividend and turned off yield investors so the stock price dropped. They are buying back stock from the savings on the dividend. He thinks this is a mistake. The insiders are buying. He likes it when he sees this.
DON'T BUY
DON'T BUY
February 27, 2019
For a second time this year the dividend has been cut. He does not own it today. He wants to see sustainability of production before getting back in. They have lost the confidence of the investor base. Without the dividend or credibility from management there is no reason to hold this.
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For a second time this year the dividend has been cut. He does not own it today. He wants to see sustainability of production before getting back in. They have lost the confidence of the investor base. Without the dividend or credibility from management there is no reason to hold this.
DON'T BUY
DON'T BUY
February 25, 2019
Dividend safe? Disappointing. The dividend used to be safe. He's owned it in the past.
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Dividend safe? Disappointing. The dividend used to be safe. He's owned it in the past.
DON'T BUY
DON'T BUY
February 22, 2019
Not much to say beyond a downtrend with no sign of a base. He wouldn't touch it.
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Not much to say beyond a downtrend with no sign of a base. He wouldn't touch it.
Showing 46 to 60 of 1,290 entries