Crescent Point Energy Corp

CPG-T

TSE:CPG

1.05
0.04 (3.67%)
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
May 19, 2009
Extremely well run company. Slightly more expensively than the rest of the group because it was actively hedged in the sector. The problem now is what are commodity prices going to be as they come off their hedges. Would prefer Progress Energy (PRQ-T).
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Extremely well run company. Slightly more expensively than the rest of the group because it was actively hedged in the sector. The problem now is what are commodity prices going to be as they come off their hedges. Would prefer Progress Energy (PRQ-T).
COMMENT
COMMENT
May 14, 2009
Oil weighted so it will benefit from the rebound in oil prices. Consolidating 2 plays in South Saskatchewan and have reached a point where they are forced to convert to a corporation. Keeping dividends at the old distribution level.
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Oil weighted so it will benefit from the rebound in oil prices. Consolidating 2 plays in South Saskatchewan and have reached a point where they are forced to convert to a corporation. Keeping dividends at the old distribution level.
DON'T BUY
DON'T BUY
May 4, 2009
Favourite oil stock, but fairly fully priced. Has been tempted to sell it, but has not. Would not buy it at this point.
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Favourite oil stock, but fairly fully priced. Has been tempted to sell it, but has not. Would not buy it at this point.
BUY
BUY
April 27, 2009
(Market Call Minute) One of the best oil and gas dividend paying companies out there. It converted from an income trust.
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(Market Call Minute) One of the best oil and gas dividend paying companies out there. It converted from an income trust.
Ben Cheng

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Price
$28.530
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 22, 2009
(Top Pick Apr 15/08, Down 2.95%) Going toward 2011 we will see a lot of these going back to corporations. Have good properties and he thinks they will do well.
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(Top Pick Apr 15/08, Down 2.95%) Going toward 2011 we will see a lot of these going back to corporations. Have good properties and he thinks they will do well.
DON'T BUY
DON'T BUY
April 6, 2009
Extremely well run mid-cap company. Did a great job of hedging in the high oil price giving it a high valuation next in their group. Will be changing to a corp at some time and thinks this is baked into the price by the market. When it comes out of the trust he wonders what valuation will be given. There is enough uncertainty that he wouldn't take the chance.
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Extremely well run mid-cap company. Did a great job of hedging in the high oil price giving it a high valuation next in their group. Will be changing to a corp at some time and thinks this is baked into the price by the market. When it comes out of the trust he wonders what valuation will be given. There is enough uncertainty that he wouldn't take the chance.
WAIT
WAIT
April 2, 2009
(A Top Pick Oct 2/08. Down 9.8%.) Conversion to a corporation should be completed around May. They are holding their dividend constant even post conversion. Have a significant tax pool that will provide shelter. Expecting volatility in the market so have patience.
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(A Top Pick Oct 2/08. Down 9.8%.) Conversion to a corporation should be completed around May. They are holding their dividend constant even post conversion. Have a significant tax pool that will provide shelter. Expecting volatility in the market so have patience.
BUY WEAKNESS
BUY WEAKNESS
March 31, 2009
Considering buying for new clients. Heavily involved in the Bakken oilfield and you pay a premium for that. (Enterprise value divided by the BOE per day.) Suncor (SU-T) is in excess of 107 and this one is close to 100. Fully priced but will become one of the premier intermediate players. $24 or $25 would be a Buy. 10.4% yield will probably be cut at some point.
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Considering buying for new clients. Heavily involved in the Bakken oilfield and you pay a premium for that. (Enterprise value divided by the BOE per day.) Suncor (SU-T) is in excess of 107 and this one is close to 100. Fully priced but will become one of the premier intermediate players. $24 or $25 would be a Buy. 10.4% yield will probably be cut at some point.
TOP PICK
TOP PICK
March 30, 2009
Light oil producer. Have been able to grow reserves by about 18% organically and through acquisition. Have lots of opportunity in the light oil Bakken region. Excellent candidate for a conversion back to a corporation because of large tax pools.
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Light oil producer. Have been able to grow reserves by about 18% organically and through acquisition. Have lots of opportunity in the light oil Bakken region. Excellent candidate for a conversion back to a corporation because of large tax pools.
BUY
BUY
March 26, 2009
Announced they are converting back to a corp. Maintaining the distribution in the form of a dividend. One of the 1,000 lb. Gorillas in the Bakken play in Saskatchewan.
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Announced they are converting back to a corp. Maintaining the distribution in the form of a dividend. One of the 1,000 lb. Gorillas in the Bakken play in Saskatchewan.
BUY
BUY
March 17, 2009
Absolutely gorgeous. A tremendous player in the Bakkens, which is the one great shale play in North America for light, sweet crude.
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Absolutely gorgeous. A tremendous player in the Bakkens, which is the one great shale play in North America for light, sweet crude.
BUY
BUY
March 13, 2009
Conversion to a corporation has already been built into the price of the stock. Income from trusts is a nice added benefit but he is not buying these for income. You have to realize the importance of the tar sands to the global economy. Consider them as long-term investments.
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Conversion to a corporation has already been built into the price of the stock. Income from trusts is a nice added benefit but he is not buying these for income. You have to realize the importance of the tar sands to the global economy. Consider them as long-term investments.
COMMENT
COMMENT
March 9, 2009
Just announced they are reverting to a corporation and keeping their payout the same at $.23 per unit. This will give the advantage of a dividend tax credit. Still fighting a current against them on commodity prices and until that changes, they are not going anywhere. Well-managed.
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Just announced they are reverting to a corporation and keeping their payout the same at $.23 per unit. This will give the advantage of a dividend tax credit. Still fighting a current against them on commodity prices and until that changes, they are not going anywhere. Well-managed.
BUY
BUY
March 6, 2009
Buying Talisman’s Saskatchewan and Montana assets in conjunction with Tristar (TOG-T). Also, the change to Corp. has been very positive, as they have not chopped the distribution. One of the most solid names.
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Buying Talisman’s Saskatchewan and Montana assets in conjunction with Tristar (TOG-T). Also, the change to Corp. has been very positive, as they have not chopped the distribution. One of the most solid names.
TOP PICK
TOP PICK
February 27, 2009
Oil weighted and their big play is the light oil Bakkens in southeast Saskatchewan. 11.6% yield. Very good visibility for drilling/fracing inventory. Good consolidator.
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Oil weighted and their big play is the light oil Bakkens in southeast Saskatchewan. 11.6% yield. Very good visibility for drilling/fracing inventory. Good consolidator.
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