Crescent Point Energy Corp

CPG-T

TSE:CPG

1.27
0.22 (20.95%)
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
DON'T BUY
DON'T BUY
October 19, 2018

He met with the new management and is convinced it is not enough to change investor perception. The level of distaste for the name is at all times high. Exposure in Utah is also hurting as investors see them alone and it is risky and boring.

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He met with the new management and is convinced it is not enough to change investor perception. The level of distaste for the name is at all times high. Exposure in Utah is also hurting as investors see them alone and it is risky and boring.

BUY WEAKNESS
BUY WEAKNESS
October 9, 2018

They had a recent management change. They sold an asset and so production is down a little. The company is in the process of selling another 50000 boe per day to reduce debt by about $1 billion. The yield at $8 is an attractive 4.4% and the company considers it secure. The company is attractive at this price, but tax loss selling season will be nasty for this stock. He thinks the stock could drop below $7.50. He will recommend it as a buy at $7.50. The 52-week low was $6.66. He is not sure it will drop that far. This company has very good assets and is a name investors should want to own for the long term. Yield 4.4%.

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They had a recent management change. They sold an asset and so production is down a little. The company is in the process of selling another 50000 boe per day to reduce debt by about $1 billion. The yield at $8 is an attractive 4.4% and the company considers it secure. The company is attractive at this price, but tax loss selling season will be nasty for this stock. He thinks the stock could drop below $7.50. He will recommend it as a buy at $7.50. The 52-week low was $6.66. He is not sure it will drop that far. This company has very good assets and is a name investors should want to own for the long term. Yield 4.4%.

DON'T BUY
DON'T BUY
October 5, 2018

Intermediate oil companies like this one have been awful. There’s been a migration out of these stocks by the big investors. Price of oil has gone up, but these stocks have not. Won’t see increases until the industry consolidates. Reasonable dividend. Hold it if you own it, but otherwise stay away. (Analysts’ price target is $12.81.)

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Intermediate oil companies like this one have been awful. There’s been a migration out of these stocks by the big investors. Price of oil has gone up, but these stocks have not. Won’t see increases until the industry consolidates. Reasonable dividend. Hold it if you own it, but otherwise stay away. (Analysts’ price target is $12.81.)

HOLD
HOLD
September 28, 2018

He has always felt the crux of the issue was around the quality of management. Serial issuer of stocks and acquisitions – they took it too long too far. He thinks half of the 185,000 boed could be up for sale to help deleverage the balance sheet. They have strong assets, but he wondered how many years of inventory were necessary. The market has not given the new management team the benefit of the doubt. It is at all time lows in terms of valuation.

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He has always felt the crux of the issue was around the quality of management. Serial issuer of stocks and acquisitions – they took it too long too far. He thinks half of the 185,000 boed could be up for sale to help deleverage the balance sheet. They have strong assets, but he wondered how many years of inventory were necessary. The market has not given the new management team the benefit of the doubt. It is at all time lows in terms of valuation.

SHORT
SHORT
September 17, 2018

It is another turnaround story with new management. It has been a short for him for a while. He thought there would be enough earnings power for some cash flow but it all reversed in the last couple of months. It has poor price momentum and is not cheap enough. He is still waiting for that turnaround in the energy sector.

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It is another turnaround story with new management. It has been a short for him for a while. He thought there would be enough earnings power for some cash flow but it all reversed in the last couple of months. It has poor price momentum and is not cheap enough. He is still waiting for that turnaround in the energy sector.

DON'T BUY
DON'T BUY
September 14, 2018

He does not believe the company will increase the dividend and does not see any huge upside, after meeting the new CEO. Some much of the strategy revolves around asset divestiture, which could take two years.

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He does not believe the company will increase the dividend and does not see any huge upside, after meeting the new CEO. Some much of the strategy revolves around asset divestiture, which could take two years.

HOLD
HOLD
September 7, 2018

The company announced they want to pay off $1 billion in debt. They will likely sell 50,000 bpd of production – most in the Bakken. Book value is $16.32 per share. Management is talking about focusing on core assets and a 17% reduction in employees. Selling pressure is high as it is being removed from a couple of small cap indices. He thinks this is overdone – he would not be a seller here. The stock is pushing a 5% yield.

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The company announced they want to pay off $1 billion in debt. They will likely sell 50,000 bpd of production – most in the Bakken. Book value is $16.32 per share. Management is talking about focusing on core assets and a 17% reduction in employees. Selling pressure is high as it is being removed from a couple of small cap indices. He thinks this is overdone – he would not be a seller here. The stock is pushing a 5% yield.

SPECULATIVE BUY
SPECULATIVE BUY
September 5, 2018

Difficult to know in the short term if this is the place to enter. It has some very positive attributes – good cash flow and good land holdings. They have decided to lay off 17% of their staff to reduce costs to survive. When it is down and out, it is not the time to sell – maybe time to buy.

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Difficult to know in the short term if this is the place to enter. It has some very positive attributes – good cash flow and good land holdings. They have decided to lay off 17% of their staff to reduce costs to survive. When it is down and out, it is not the time to sell – maybe time to buy.

DON'T BUY
DON'T BUY
September 4, 2018

A traditional oil/gas company. As a long-term investor, he wouldn't buy this. He's concerned about oil demand given the rise of e-cars in the next decade or two. Also, what is OPEC going to do? Canada doesn't have control over the oil price.

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A traditional oil/gas company. As a long-term investor, he wouldn't buy this. He's concerned about oil demand given the rise of e-cars in the next decade or two. Also, what is OPEC going to do? Canada doesn't have control over the oil price.

Tim Nash

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Price
$7.820
Owned
Unknown
DON'T BUY
DON'T BUY
August 20, 2018

Its book value for the past 4 years has been eroding. He'd like to see its balance sheet improve. Doesn't trust companies like this that are eroding. Pays a 4.4% dividend.

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Its book value for the past 4 years has been eroding. He'd like to see its balance sheet improve. Doesn't trust companies like this that are eroding. Pays a 4.4% dividend.

WATCH
WATCH
August 17, 2018

He has been tempted to buy into this. It is trading at production blow down levels. For the street to care again the company has to hire an outsider to lead the company that would signal a change is coming. There is no catalyst to signal anything other than status quo.

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He has been tempted to buy into this. It is trading at production blow down levels. For the street to care again the company has to hire an outsider to lead the company that would signal a change is coming. There is no catalyst to signal anything other than status quo.

DON'T BUY
DON'T BUY
August 15, 2018

It is primarily Western Canada oil production, which has fallen from grace. It will not return to previous values anytime soon. It should be a $12 stock, but the discount just will not go away. He would recommend many other names. (Analysts’ price target is $13.50)

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It is primarily Western Canada oil production, which has fallen from grace. It will not return to previous values anytime soon. It should be a $12 stock, but the discount just will not go away. He would recommend many other names. (Analysts’ price target is $13.50)

WAIT
WAIT
August 13, 2018

It is very cheap. New management team is trying to rebuild their credibility because of executive compensation and stock issues. Below $8.00 is a buy. Book value is $16.32. Is on their coverage list. Has a 1 year target of $16.00. He would not be a seller of this stock if you currently own it.

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It is very cheap. New management team is trying to rebuild their credibility because of executive compensation and stock issues. Below $8.00 is a buy. Book value is $16.32. Is on their coverage list. Has a 1 year target of $16.00. He would not be a seller of this stock if you currently own it.

SELL
SELL
August 10, 2018

They have about 180,000 boed and there is some concern over the strategy of management. He does not like seeing a 52-week low when the rest of the sector is not. He would be inclined to sell.

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They have about 180,000 boed and there is some concern over the strategy of management. He does not like seeing a 52-week low when the rest of the sector is not. He would be inclined to sell.

DON'T BUY
DON'T BUY
August 10, 2018

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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