Crescent Point Energy Corp

CPG-T

TSE:CPG

4.22
0.04 (0.94%)
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

Analysis and Opinions about CPG-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 1, 2019
Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap.
Show full opinionHide full opinion
Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap.
SPECULATIVE BUY
SPECULATIVE BUY
January 30, 2019
Frustrating to own. It looks cheap on paper, with solid assets and good managers. But in the past they overspent on acqusitions without generating enough returns. They've really cut back on that approach. Now, they need to sell some assets. If oil stays in the low-$50s/60s, this has enormous upside and the dividend will gradually increase. If oil reaches $65, CPG could easily double.
Show full opinionHide full opinion
Frustrating to own. It looks cheap on paper, with solid assets and good managers. But in the past they overspent on acqusitions without generating enough returns. They've really cut back on that approach. Now, they need to sell some assets. If oil stays in the low-$50s/60s, this has enormous upside and the dividend will gradually increase. If oil reaches $65, CPG could easily double.
COMMENT
COMMENT
January 29, 2019
Fundamentally, it's a bargain, but there's no guarantee of an upside. This has solid support at current levels and is a past point. It could hit $6. Exit point is $3.70 and the company may not even exist in the future. He may start buying it himself.
Show full opinionHide full opinion
Fundamentally, it's a bargain, but there's no guarantee of an upside. This has solid support at current levels and is a past point. It could hit $6. Exit point is $3.70 and the company may not even exist in the future. He may start buying it himself.
DON'T BUY
DON'T BUY
January 25, 2019
If WTI goes to $70? They have done a leadership change, has cut costs and has been rationalizing assets in Sask. All the right things. The dividend has been cut to virtual zero and the share buy back is helping metrics. It is no longer loved like it once was. At $70 WTI, he would rather invest in US light oil producers or Canadian heavy oil producers.
Show full opinionHide full opinion
If WTI goes to $70? They have done a leadership change, has cut costs and has been rationalizing assets in Sask. All the right things. The dividend has been cut to virtual zero and the share buy back is helping metrics. It is no longer loved like it once was. At $70 WTI, he would rather invest in US light oil producers or Canadian heavy oil producers.
WAIT
WAIT
January 21, 2019
It was a little too levered in the downturn and they are now paying the price. The assets are quite good but it is a matter of when money will flow into the energy sector. The big guys will lift first. He would not be in a rush to buy it.
Show full opinionHide full opinion
It was a little too levered in the downturn and they are now paying the price. The assets are quite good but it is a matter of when money will flow into the energy sector. The big guys will lift first. He would not be in a rush to buy it.
HOLD
HOLD
January 18, 2019
What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this.
Show full opinionHide full opinion
What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this.
SPECULATIVE BUY
SPECULATIVE BUY
January 16, 2019
He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline.
Show full opinionHide full opinion
He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline.
COMMENT
COMMENT
January 15, 2019
Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation.
Show full opinionHide full opinion
Very cheap at 0.3x book. But on other hand, why is it so cheap? Cut budget and dividend, which was eating up cash flow. Now that it's happened, market could be breathing a sigh of relief. Don't put all eggs in one basket here. Fairly compelling valuation.
BUY
BUY
January 14, 2019
It looks cheap and the balance sheet is not distressed. He likes it here. The risk/reward is good. They have quality crude and get better pricing than its Alberta peers.
Show full opinionHide full opinion
It looks cheap and the balance sheet is not distressed. He likes it here. The risk/reward is good. They have quality crude and get better pricing than its Alberta peers.
TOP PICK
TOP PICK
January 4, 2019
Lot of sad stocks like this one. Worthy of a purchase. Nice double bottom of $3.80, so use that as an exit point. If it gets up to about $6, it's a "reversal of fortune" trade. Yield is 8.2%. (Analysts’ price target is $9.63)
Show full opinionHide full opinion
Lot of sad stocks like this one. Worthy of a purchase. Nice double bottom of $3.80, so use that as an exit point. If it gets up to about $6, it's a "reversal of fortune" trade. Yield is 8.2%. (Analysts’ price target is $9.63)
SPECULATIVE BUY
SPECULATIVE BUY
December 19, 2018
Tough place. Balance sheet keep improving but the yardstick keeps moving. Exceptionally cheap. Not the highest quality name in the space. But it is way oversold.
Show full opinionHide full opinion
Tough place. Balance sheet keep improving but the yardstick keeps moving. Exceptionally cheap. Not the highest quality name in the space. But it is way oversold.
COMMENT
COMMENT
December 18, 2018

He owned years ago. It struggled like all oil companies. They've gradually lessened their debt and reduced exploration. They've managed production well. He isn't buying any energy. Be cautious with the dividend above 9%.

Show full opinionHide full opinion

He owned years ago. It struggled like all oil companies. They've gradually lessened their debt and reduced exploration. They've managed production well. He isn't buying any energy. Be cautious with the dividend above 9%.

BUY
BUY
December 17, 2018
It has been ignored by the street. It is an 8.4% secure dividend yield. Equity is $16 a share.
Show full opinionHide full opinion
It has been ignored by the street. It is an 8.4% secure dividend yield. Equity is $16 a share.
DON'T BUY
DON'T BUY
December 11, 2018
Why is it so low? Canadian energy suffers from very negative sentiment, though the WCS spread has narrowed (which is good). CPG management is finally getting the point that investors don't want them to keep issuing equity. So, CPG is trying to do asset sales, but so are peers. Also, we're in tax-loss selling season. She owns very few energy producers.
Show full opinionHide full opinion
Why is it so low? Canadian energy suffers from very negative sentiment, though the WCS spread has narrowed (which is good). CPG management is finally getting the point that investors don't want them to keep issuing equity. So, CPG is trying to do asset sales, but so are peers. Also, we're in tax-loss selling season. She owns very few energy producers.
COMMENT
COMMENT
November 30, 2018
Dividend safe? The black cloud over the industry affects this company, everybody loves to hate it. Last quarter was OK. This quarter we'll see if they've hedged some of their sales. Doesn't believe oil will stay this low for long, we'll be back to $50-60, even $70. Dividend is OK, though he can't guarantee it, but the cash flow supports the dividend. Yield is above 9%.
Show full opinionHide full opinion
Dividend safe? The black cloud over the industry affects this company, everybody loves to hate it. Last quarter was OK. This quarter we'll see if they've hedged some of their sales. Doesn't believe oil will stay this low for long, we'll be back to $50-60, even $70. Dividend is OK, though he can't guarantee it, but the cash flow supports the dividend. Yield is above 9%.
Showing 61 to 75 of 1,286 entries