Crescent Point Energy Corp | StockChase
1135
Crescent Point Energy Corp (CPG-T)

Last Price Recorded: $8.2900 on 2017-12-15

ON STOCKCHASE SINCE Jan 2004

oil/gas
1135
Crescent Point Energy Corp (CPG-T)

Last Price Recorded: $8.2900 on 2017-12-15

ON STOCKCHASE SINCE Jan 2004

oil/gas

Crescent Point Energy Corp


Signal Opinion Expert
DON'T BUY

He stopped owning it and liking it because they were a serial issuer of stock for acquisitions.  Also, he prefers Nat Gas stocks. 

oil/gas

He stopped owning it and liking it because they were a serial issuer of stock for acquisitions.  Also, he prefers Nat Gas stocks. 

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$13.130
Owned Owned
No

DON'T BUY

Chart shows it has been going down since mid 2016, even in the times when oil has rallied. This is a show me stock at this point. Investors don’t believe them anymore. Also, he is not bullish on oil at this time.

oil/gas

Chart shows it has been going down since mid 2016, even in the times when oil has rallied. This is a show me stock at this point. Investors don’t believe them anymore. Also, he is not bullish on oil at this time.

oil/gas
Brooke Thackray

President, Jov Investment Manag...

PricePrice
$13.360
Owned Owned
Unknown

COMMENT

Thinks many people are discouraged by its lack of activities. They keep on making acquisitions of companies with prospective areas, or land plays, and issue shares to cover that. Right now, they have a reserve life of 15 years, and about 12 wells to be drilled. They have 3 recovery methods. 1.) Drilling. 2.) Water floods which takes a recovery rate from 15% up to 25%. It has an unbelievable upside in production rates. He can see this going up through the years to 200,000-300,000 barrels a day, but the question is, will the stock do anything.

oil/gas

Thinks many people are discouraged by its lack of activities. They keep on making acquisitions of companies with prospective areas, or land plays, and issue shares to cover that. Right now, they have a reserve life of 15 years, and about 12 wells to be drilled. They have 3 recovery methods. 1.) Drilling. 2.) Water floods which takes a recovery rate from 15% up to 25%. It has an unbelievable upside in production rates. He can see this going up through the years to 200,000-300,000 barrels a day, but the question is, will the stock do anything.

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capi...

PricePrice
$13.360
Owned Owned
Yes

COMMENT

Hitting a 52-week low. Payout ratio is under 100%. Growth rate is not bad. A name he has liked because production has increased every year since 2014. It isn’t the best in the oil patch in terms of efficiency, but it should be trading at a lot more than what it is currently. Thinks the fall has probably been overdone. Yield of 2.7%.

oil/gas

Hitting a 52-week low. Payout ratio is under 100%. Growth rate is not bad. A name he has liked because production has increased every year since 2014. It isn’t the best in the oil patch in terms of efficiency, but it should be trading at a lot more than what it is currently. Thinks the fall has probably been overdone. Yield of 2.7%.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$13.620
Owned Owned
Unknown

COMMENT

He owns no commodity oil producers. Oil has done well twice during his investment career. It did well when Japan industrialized in the 60s and 70s. Peaked in 1979 at $40 a barrel, and bottomed 18 years later at $8. China came along in 2002 and it started to perk up again. Meanwhile, the Western world is working hard to become more energy efficient and switching to natural gas, which has become abundant. Companies like this do very well when there is peak pricing. It is a high risk/high cost provider, but they do best when prices go up because there is lots of leverage.

oil/gas

He owns no commodity oil producers. Oil has done well twice during his investment career. It did well when Japan industrialized in the 60s and 70s. Peaked in 1979 at $40 a barrel, and bottomed 18 years later at $8. China came along in 2002 and it started to perk up again. Meanwhile, the Western world is working hard to become more energy efficient and switching to natural gas, which has become abundant. Companies like this do very well when there is peak pricing. It is a high risk/high cost provider, but they do best when prices go up because there is lots of leverage.

oil/gas
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$13.730
Owned Owned
No

HOLD

Feels this is fully valued. It is implementing big water floods to try and tweak the reservoir and keep the decline rate more manageable. A really well-managed company, but he doesn’t really see any strong growth or any particular reason you need to have this.

oil/gas

Feels this is fully valued. It is implementing big water floods to try and tweak the reservoir and keep the decline rate more manageable. A really well-managed company, but he doesn’t really see any strong growth or any particular reason you need to have this.

oil/gas
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$14.040
Owned Owned
Unknown

COMMENT

Chart shows the 50-day moving average coming right along the top of the prices. Each time it got up to the 50-day moving average, it brought in some sellers. He took a half position in energy, even though the strong seasonality started about 1.5 months ago. You could see this come as low as $14, and then bring in some buyers. It has a positive MACD, so it’s getting momentum and money starting to flow into it, but that doesn’t mean you still can’t get some volatility. Anywhere between $14.70 and $14.40 is probably a reasonable less risky entry point.

oil/gas

Chart shows the 50-day moving average coming right along the top of the prices. Each time it got up to the 50-day moving average, it brought in some sellers. He took a half position in energy, even though the strong seasonality started about 1.5 months ago. You could see this come as low as $14, and then bring in some buyers. It has a positive MACD, so it’s getting momentum and money starting to flow into it, but that doesn’t mean you still can’t get some volatility. Anywhere between $14.70 and $14.40 is probably a reasonable less risky entry point.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$14.980
Owned Owned
Unknown

COMMENT

This was the darling of the street in 2014. With the erosion in the price and the balance sheet issues, they had to cut back on the dividend. They now have $2.7 billion of debt against $9.6 billion of equity. The BV is $17.61. It isn’t often that you have companies trading below BV. Thinks the stock will go down another $1-$2 because of concern about the balance sheet and not much growth.

oil/gas

This was the darling of the street in 2014. With the erosion in the price and the balance sheet issues, they had to cut back on the dividend. They now have $2.7 billion of debt against $9.6 billion of equity. The BV is $17.61. It isn’t often that you have companies trading below BV. Thinks the stock will go down another $1-$2 because of concern about the balance sheet and not much growth.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$14.270
Owned Owned
Unknown

DON'T BUY

It has tested $10 a couple of times.  The trouble is that it is in a down trend channel.  It could get close to that $10 again.

oil/gas

It has tested $10 a couple of times.  The trouble is that it is in a down trend channel.  It could get close to that $10 again.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$14.310
Owned Owned
Unknown

PAST TOP PICK

(Top Pick Feb 10/16, Up 11%) It had a great start.  Unfortunately they chose to raise some equity and the stock went down.  She still likes it a lot.  It is a core name.  She sees very good wealth creation ability.  They have good netbacks.  They have a good balance sheet.  They are now seeing results from water flood in 6 months, down from a year.  This is a game changer.  She still sees a lot of upside in it.

oil/gas

(Top Pick Feb 10/16, Up 11%) It had a great start.  Unfortunately they chose to raise some equity and the stock went down.  She still likes it a lot.  It is a core name.  She sees very good wealth creation ability.  They have good netbacks.  They have a good balance sheet.  They are now seeing results from water flood in 6 months, down from a year.  This is a game changer.  She still sees a lot of upside in it.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments...

PricePrice
$14.820
Owned Owned
Yes

HOLD

They have done everything right.  The balance sheet is pretty good.  They are really cheap relative to peers.  They still have good production growth.  But the cash flow in 2018 is projected to be lower than in 2015.  It depends on your view of oil prices.  They continue to decrease costs every year, so a year or two out they may be fine.  It will be very attractive if oil prices go higher.

oil/gas

They have done everything right.  The balance sheet is pretty good.  They are really cheap relative to peers.  They still have good production growth.  But the cash flow in 2018 is projected to be lower than in 2015.  It depends on your view of oil prices.  They continue to decrease costs every year, so a year or two out they may be fine.  It will be very attractive if oil prices go higher.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$14.440
Owned Owned
Unknown

PAST TOP PICK

(Top Pick Apr 7/16, Down 17%) He struggles to see what gets this story re-rated.

oil/gas

(Top Pick Apr 7/16, Down 17%) He struggles to see what gets this story re-rated.

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$14.370
Owned Owned
No

COMMENT

He likes this. It has high leverage to oil prices, and he believes oil prices are going to go higher from here. This has one of the best land positions in Saskatchewan, Manitoba, and the US. In the past, they’ve had some issues with excess of issuing shares that diluted the company on a short-term basis. He feels they are putting a stop to that and will do much better going forward.

oil/gas

He likes this. It has high leverage to oil prices, and he believes oil prices are going to go higher from here. This has one of the best land positions in Saskatchewan, Manitoba, and the US. In the past, they’ve had some issues with excess of issuing shares that diluted the company on a short-term basis. He feels they are putting a stop to that and will do much better going forward.

oil/gas
Jim Huang

President, T.I.P. Wealth Manage...

PricePrice
$14.280
Owned Owned
Yes

COMMENT

Average down? His biggest issue is that they seem to be serial issuers of stock. They continue to dilute the existing shareholder base, not a friendly thing to do. The US assets are great and they have increased production, but it is important to focus on production growth per share, and this one gets diluted down. They’ve already cut their dividend.

oil/gas

Average down? His biggest issue is that they seem to be serial issuers of stock. They continue to dilute the existing shareholder base, not a friendly thing to do. The US assets are great and they have increased production, but it is important to focus on production growth per share, and this one gets diluted down. They’ve already cut their dividend.

oil/gas
Zachary Curry

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

PricePrice
$14.610
Owned Owned
No

BUY

This is a good time to be investing in this. It has had a long-term track record of success. They’ve stumbled in recent quarters and their production was down. When you have a company with a strong track record that stumbles for the short term, it is very likely that they are going to get back on their feet and resume the growth track record that they had.

oil/gas

This is a good time to be investing in this. It has had a long-term track record of success. They’ve stumbled in recent quarters and their production was down. When you have a company with a strong track record that stumbles for the short term, it is very likely that they are going to get back on their feet and resume the growth track record that they had.

oil/gas
Teal Linde

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

PricePrice
$14.240
Owned Owned
Unknown

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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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