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

ON STOCKCHASE SINCE Jan 2004

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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DON'T BUY

Oil stocks in general aren’t going to recover. Canadian heavy oil selling at 30% discount compared to WTI. But they are generating cash flow. People are turned off the sector. Until we see some increase in dividends, or takeovers, the sector is dead.

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Oil stocks in general aren’t going to recover. Canadian heavy oil selling at 30% discount compared to WTI. But they are generating cash flow. People are turned off the sector. Until we see some increase in dividends, or takeovers, the sector is dead.

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$8.480
Owned Owned
Unknown

STRONG BUY

A $5 billion marketcap and pays a good yield trading near the bottom of the $8.30 - $11.00 trading range.  An excellent short term buy, but trade with an $8.20 stop.  Short-term potential is above $10.   

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A $5 billion marketcap and pays a good yield trading near the bottom of the $8.30 - $11.00 trading range.  An excellent short term buy, but trade with an $8.20 stop.  Short-term potential is above $10.   

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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$8.510
Owned Owned
No

DON'T BUY

She does not have a lot of exposure in energy right now.  They are going through a management change.  In the past, they issued a lot of equity. They need to be more focused.  She would not be buying the stock here.

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She does not have a lot of exposure in energy right now.  They are going through a management change.  In the past, they issued a lot of equity. They need to be more focused.  She would not be buying the stock here.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$8.510
Owned Owned
No

HOLD

It is on his watch list.  He looks at it.  It has tremendous upside if they look after debt.  When it turns it could go up quite hard and quite fast.  You could trade it in the range between $8 and $11 as well.

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It is on his watch list.  He looks at it.  It has tremendous upside if they look after debt.  When it turns it could go up quite hard and quite fast.  You could trade it in the range between $8 and $11 as well.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$8.810
Owned Owned
Unknown

COMMENT

Corus Entertainment(CJR/B-T) or Crescent Point Energy(CPG-T). Run don’t walk away from  Corus Entertainment.   Is a declining business.  They own media assets. They have slashed their dividend.  There is a governance issue.   Going to be hard to get out of this secular decline that they are in.  He would sell it.  Crescent Point Energy:  Some activists involved in this one.  The tailwind for this is the rising oil prices.  Time on your side on this one.  Would be less concerned about this stock versus Corus.

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Corus Entertainment(CJR/B-T) or Crescent Point Energy(CPG-T). Run don’t walk away from  Corus Entertainment.   Is a declining business.  They own media assets. They have slashed their dividend.  There is a governance issue.   Going to be hard to get out of this secular decline that they are in.  He would sell it.  Crescent Point Energy:  Some activists involved in this one.  The tailwind for this is the rising oil prices.  Time on your side on this one.  Would be less concerned about this stock versus Corus.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$8.790
Owned Owned
_N/A

DON'T BUY

It hasn't recovered since oil prices came under pressure several years ago.  We need pipeline capacity to sell across Canada and to Asia.  They are taking down the leverage on their balance sheet, but he does not see a lot of upside.  The issue is the energy sector in Canada.

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It hasn't recovered since oil prices came under pressure several years ago.  We need pipeline capacity to sell across Canada and to Asia.  They are taking down the leverage on their balance sheet, but he does not see a lot of upside.  The issue is the energy sector in Canada.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$8.840
Owned Owned
Unknown

SELL

There have been issues for the past few years.  He favours Cenovus and CNQ instead.  There are Board and proxy issues.  They have not shown they really hold the assets to turn things around.  He would be a seller.  

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There have been issues for the past few years.  He favours Cenovus and CNQ instead.  There are Board and proxy issues.  They have not shown they really hold the assets to turn things around.  He would be a seller.  

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$8.950
Owned Owned
No

WATCH

He knows there are changes in management.  The balance sheet is not bad.  Management has to show they have a game plan for growth.  Debt went up in the first quarter.  It needs to come down.  Watch to buy the stock below $9.

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He knows there are changes in management.  The balance sheet is not bad.  Management has to show they have a game plan for growth.  Debt went up in the first quarter.  It needs to come down.  Watch to buy the stock below $9.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$9.910
Owned Owned
Unknown

WATCH

She owns some shares but has not been adding to this position for a few years. The company is changing its management. The market wants them to stop issuing equity to fund land acquisition and to pay down debt. She is waiting to see who the next CEO will be and what his or her direction will be.

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She owns some shares but has not been adding to this position for a few years. The company is changing its management. The market wants them to stop issuing equity to fund land acquisition and to pay down debt. She is waiting to see who the next CEO will be and what his or her direction will be.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$10.230
Owned Owned
Yes

COMMENT

Crescent Point or CNQ or Parex? For a portfolio strategy, especially in a taxable account, could consider taking a capital loss and going over to CNQ. The oil stocks have really lagged the commodity. Significantly undervalued. If you have big oils in your portfolio, they could underperform Crescent Point. Once Crescent Point starts to move, it will probably move fairly dramatically.

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Crescent Point or CNQ or Parex? For a portfolio strategy, especially in a taxable account, could consider taking a capital loss and going over to CNQ. The oil stocks have really lagged the commodity. Significantly undervalued. If you have big oils in your portfolio, they could underperform Crescent Point. Once Crescent Point starts to move, it will probably move fairly dramatically.

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$9.820
Owned Owned
Yes

DON'T BUY

Competitive call structure, lack of growth. Paying down debt instead of reinvesting in the business, which will hit their growth longer term. Prefers CNQ which has more growth and higher yield.

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Competitive call structure, lack of growth. Paying down debt instead of reinvesting in the business, which will hit their growth longer term. Prefers CNQ which has more growth and higher yield.

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Scott Willis

Head of Re, Grizzle...

Price Price
$9.660
Owned Owned
No

WATCH

The problem is that they were a growth story and got into some trouble when prices went down.  Now you are looking at a company trading at a significant discount to book value.  He is not looking at much growth this year in production.  Debt went up last quarter to 48%.  He likes the stock and thinks he will recommend it when oil goes up.

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The problem is that they were a growth story and got into some trouble when prices went down.  Now you are looking at a company trading at a significant discount to book value.  He is not looking at much growth this year in production.  Debt went up last quarter to 48%.  He likes the stock and thinks he will recommend it when oil goes up.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$9.620
Owned Owned
Unknown

DON'T BUY

He bought this the day the investor activism was announced.  When you look at executive compensation relative to shareholder value creation, it seems excessive.  They announced a new CEO from within the company.  It suggests they are not embracing a new approach to running the company.  He can do way better owning other names.

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He bought this the day the investor activism was announced.  When you look at executive compensation relative to shareholder value creation, it seems excessive.  They announced a new CEO from within the company.  It suggests they are not embracing a new approach to running the company.  He can do way better owning other names.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$9.960
Owned Owned
Yes

DON'T BUY

This has had a lot of issues. Its peers have recovered (to a degree), but CPG still struggles. They paid too high a dividend during the trough of the oil crisis.

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This has had a lot of issues. Its peers have recovered (to a degree), but CPG still struggles. They paid too high a dividend during the trough of the oil crisis.

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$10.220
Owned Owned
No

DON'T BUY

This is still looking pretty typical for energy stocks despite the CEO stepping down.  He would use $8.65 as an exit on new length.  He would not be a buyer until it moved back above $12.10. 

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0 comments

This is still looking pretty typical for energy stocks despite the CEO stepping down.  He would use $8.65 as an exit on new length.  He would not be a buyer until it moved back above $12.10. 

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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$10.440
Owned Owned
No

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