Crescent Point Energy Corp

CPG-T

TSE:CPG

2.04
0.03 (1.45%)
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
BUY WEAKNESS
BUY WEAKNESS
January 28, 2009
Likes conventional (not oil sands) plays in this environment. Sitting on 4 billion barrels of oil in the Bakkens in southern Saskatchewan with 1400 drillable locations. Great future. Terrific management. Have hedged forward to 2011 at $100 oil. Buy on weakness but don't wait too long.
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Likes conventional (not oil sands) plays in this environment. Sitting on 4 billion barrels of oil in the Bakkens in southern Saskatchewan with 1400 drillable locations. Great future. Terrific management. Have hedged forward to 2011 at $100 oil. Buy on weakness but don't wait too long.
WAIT
WAIT
January 20, 2009
Pure oil play in the Bakken field in Manitoba/Saskatchewan. Would be buying once he was satisfied that the price of oil would pick up. Distributions could come down but probably will be modest.
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Pure oil play in the Bakken field in Manitoba/Saskatchewan. Would be buying once he was satisfied that the price of oil would pick up. Distributions could come down but probably will be modest.
TOP PICK
TOP PICK
January 20, 2009
Light oil producer in Saskatchewan. 40,000 barrels a day. Very concentrated asset package with low operating costs. Extremely attractive hedge position. There is a risk if commodity prices stay down they might want to reduce distributions. Even with that it is very attractive.
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Light oil producer in Saskatchewan. 40,000 barrels a day. Very concentrated asset package with low operating costs. Extremely attractive hedge position. There is a risk if commodity prices stay down they might want to reduce distributions. Even with that it is very attractive.
COMMENT
COMMENT
January 7, 2009
Have very positive fundamentals against the group. All of them have some risks to their distributions. If you are looking for a trust name in this group, this is one he would consider.
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Have very positive fundamentals against the group. All of them have some risks to their distributions. If you are looking for a trust name in this group, this is one he would consider.
BUY
BUY
December 19, 2008
Has years of potential property to develop, a lot of it in the Bakken field. Extremely well managed.
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Has years of potential property to develop, a lot of it in the Bakken field. Extremely well managed.
PAST TOP PICK
PAST TOP PICK
December 8, 2008
(Past Top Pick Jan 21/08. Up 1%.) One of the bigger operators in the Bakken light oil play. Very cheap. A Buy.
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(Past Top Pick Jan 21/08. Up 1%.) One of the bigger operators in the Bakken light oil play. Very cheap. A Buy.
HOLD
HOLD
December 5, 2008
Likes some of the things they are doing. In on the Bakken play in Saskatchewan. Good operators. Distributions in all oil/gas trusts are somewhat suspect.
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Likes some of the things they are doing. In on the Bakken play in Saskatchewan. Good operators. Distributions in all oil/gas trusts are somewhat suspect.
BUY
BUY
December 5, 2008
One of the better positions in the oil/gas royalty trusts space. Graduated hedging program, which offers them a lot of protection at $75 Cdn longer-term. Selling has been indiscriminate. Also concerns that royalty trusts are going to have to cut distributions dramatically. Given this trust’s relatively lower payout ratio and their hedging they are less likely to cut. Great company.
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One of the better positions in the oil/gas royalty trusts space. Graduated hedging program, which offers them a lot of protection at $75 Cdn longer-term. Selling has been indiscriminate. Also concerns that royalty trusts are going to have to cut distributions dramatically. Given this trust’s relatively lower payout ratio and their hedging they are less likely to cut. Great company.
BUY
BUY
December 1, 2008
If you're looking at trusts generally, take a very hard look at what happens to the cash flow per unit if oil stays at $50 as well as what happens to distributions in 2011. The 2 that come out the best are Crescent Point (CPG.UN-T) and Vermilion Energy (VET.UN-T).
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If you're looking at trusts generally, take a very hard look at what happens to the cash flow per unit if oil stays at $50 as well as what happens to distributions in 2011. The 2 that come out the best are Crescent Point (CPG.UN-T) and Vermilion Energy (VET.UN-T).
TOP PICK
TOP PICK
November 13, 2008
(A Top Pick Jan 29/08. Up 11%.) Dominant player in the Bakkens in Saskatchewan. Has aggregated core land position in that area. Using multi-frac technology to enhance recovery. Now tapping into another zone that looks very promising. Relatively low debt at about 1 X 2009 cash flow on conservative commodity prices. Looking for enormous increase on the unit price.
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(A Top Pick Jan 29/08. Up 11%.) Dominant player in the Bakkens in Saskatchewan. Has aggregated core land position in that area. Using multi-frac technology to enhance recovery. Now tapping into another zone that looks very promising. Relatively low debt at about 1 X 2009 cash flow on conservative commodity prices. Looking for enormous increase on the unit price.
COMMENT
COMMENT
November 5, 2008
A well-run income trust. Have been great at consolidating the Bakken play in Saskatchewan. Biggest landowner and producer in the area.
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A well-run income trust. Have been great at consolidating the Bakken play in Saskatchewan. Biggest landowner and producer in the area.
PARTIAL BUY
PARTIAL BUY
October 31, 2008
(Market Call Minute.) Have some good Bakken properties. You could put a little money into this one.
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(Market Call Minute.) Have some good Bakken properties. You could put a little money into this one.
TOP PICK
TOP PICK
October 29, 2008
80% oil. In a position where they don't have to cut distributions in the pullback of energy. Have about 175 million barrels of light oil in the Bakkens and thinks they can double that. Very high netbacks of over $50 a barrel.
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80% oil. In a position where they don't have to cut distributions in the pullback of energy. Have about 175 million barrels of light oil in the Bakkens and thinks they can double that. Very high netbacks of over $50 a barrel.
HOLD
HOLD
October 22, 2008
Some of the better quality royalty trusts that he would continue to hold include Crescent Point (CPG.UN-T), Vermilion (VET.UN-T) and Baytex (BTE.UN-T).
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Some of the better quality royalty trusts that he would continue to hold include Crescent Point (CPG.UN-T), Vermilion (VET.UN-T) and Baytex (BTE.UN-T).
BUY
BUY
October 16, 2008
OPEC is having an emergency meeting on the 24’th of October. They continue to like this one. Have been exploiting the oil in the energy patch. They are well situated to ride out this trouble. The yield suggests (12%) the market is confident in them.
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OPEC is having an emergency meeting on the 24’th of October. They continue to like this one. Have been exploiting the oil in the energy patch. They are well situated to ride out this trouble. The yield suggests (12%) the market is confident in them.
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