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
COMMENT

Has beaten this up for years, because they’ve issued a lot of equity. Even with that, their debt has been higher than he has liked. It hasn't really treated shareholders properly in a sector that is not doing very well. One of his least favourite companies in the whole sector. He doesn't see a big reason to own it. However, whenever oil decides to go up again, it will be a "go to" name. It will rally hard when oil goes, but he would rather have a consistent company that is showing better growth and treats their shareholders better.

oil/gas

Has beaten this up for years, because they’ve issued a lot of equity. Even with that, their debt has been higher than he has liked. It hasn't really treated shareholders properly in a sector that is not doing very well. One of his least favourite companies in the whole sector. He doesn't see a big reason to own it. However, whenever oil decides to go up again, it will be a "go to" name. It will rally hard when oil goes, but he would rather have a consistent company that is showing better growth and treats their shareholders better.

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$8.290
Owned Owned
Unknown

HOLD

Former darling of many investors.  They still pay a dividend but it was reduced.  The company was quite acquisitive over the years.  At times they may have grown too fast.  They have decent properties.  They don’t have the best balance sheet but at these valuations it is cheap.  Hang on to it to see if you get a recovery.

oil/gas

Former darling of many investors.  They still pay a dividend but it was reduced.  The company was quite acquisitive over the years.  At times they may have grown too fast.  They have decent properties.  They don’t have the best balance sheet but at these valuations it is cheap.  Hang on to it to see if you get a recovery.

oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$8.490
Owned Owned
Unknown

COMMENT

Energy has been a sloppy sector this year, and this has not been one of the stronger holdings. He doesn't like this as an investment. However, it is under pressure with tax loss selling. If he were going to do something with it, he would probably get through year end and see how it begins to trade at the beginning of the year. There will be some bottom fishing at the beginning of the year with people looking for things that were under pressure from tax loss selling. The energy sector can improve a little here. Longer-term, he would be a seller of this.

oil/gas

Energy has been a sloppy sector this year, and this has not been one of the stronger holdings. He doesn't like this as an investment. However, it is under pressure with tax loss selling. If he were going to do something with it, he would probably get through year end and see how it begins to trade at the beginning of the year. There will be some bottom fishing at the beginning of the year with people looking for things that were under pressure from tax loss selling. The energy sector can improve a little here. Longer-term, he would be a seller of this.

oil/gas
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$8.700
Owned Owned
Unknown

COMMENT

Thinks this is going to do fairly well in 2018. Over the last number of years, it’s managed to restructure its balance sheet. At one time they paid a totally unsustainable dividend. Even in the current market, they figure they can continue to grow cash flow, even at $55 West Texas intermediate pricing. It probably has more drilling opportunities and more land in good areas, then a lot of the competition. It could be worth taking a serious look at.

oil/gas

Thinks this is going to do fairly well in 2018. Over the last number of years, it’s managed to restructure its balance sheet. At one time they paid a totally unsustainable dividend. Even in the current market, they figure they can continue to grow cash flow, even at $55 West Texas intermediate pricing. It probably has more drilling opportunities and more land in good areas, then a lot of the competition. It could be worth taking a serious look at.

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$8.700
Owned Owned
Unknown

DON'T BUY

This was a very aggressive oil/gas company, heavily involved in both Saskatchewan and Utah in intensive gas/oil drillings. They were drilling marginal resources that required high prices to be profitable. When energy prices came off, there were a number of these companies, and the dividends had to be cut and stocks fell quite substantially. Costs are coming down in the oil patch, but prices are down. The companies are struggling with this and will continue to do so until energy prices come back, which is many years away. 

oil/gas

This was a very aggressive oil/gas company, heavily involved in both Saskatchewan and Utah in intensive gas/oil drillings. They were drilling marginal resources that required high prices to be profitable. When energy prices came off, there were a number of these companies, and the dividends had to be cut and stocks fell quite substantially. Costs are coming down in the oil patch, but prices are down. The companies are struggling with this and will continue to do so until energy prices come back, which is many years away. 

oil/gas
Bruce Murray

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

PricePrice
$9.250
Owned Owned
Unknown

HOLD

The chart recently shows a nice little upward trend, although small. It has to get through $10 and stay there. If they can do that, there is some clear sailing towards $12.75. If it breaks below $9.37-$9, maybe there is something wrong with the name, but right now the little trend is pretty positive. Dividend yield of 3.8%.

oil/gas

The chart recently shows a nice little upward trend, although small. It has to get through $10 and stay there. If they can do that, there is some clear sailing towards $12.75. If it breaks below $9.37-$9, maybe there is something wrong with the name, but right now the little trend is pretty positive. Dividend yield of 3.8%.

oil/gas
Hap (Robert) Sneddon FCSI

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

PricePrice
$9.370
Owned Owned
Unknown

BUY

Overwhelmingly oil exposure and oil is doing better than natural gas.  OPEC’s cuts today bode well for this stock.  CPG-T is being held back because Canadian crude is being held up by a lack of pipeline capacity.  Pipeline outages exacerbate what is already going on.  If you believe OPEC has changed the game and oil breaks out of the $50-60 range, then this one, being the more leveraged name will benefit more.

oil/gas

Overwhelmingly oil exposure and oil is doing better than natural gas.  OPEC’s cuts today bode well for this stock.  CPG-T is being held back because Canadian crude is being held up by a lack of pipeline capacity.  Pipeline outages exacerbate what is already going on.  If you believe OPEC has changed the game and oil breaks out of the $50-60 range, then this one, being the more leveraged name will benefit more.

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$9.410
Owned Owned
Unknown

DON'T BUY

The predominant player in the Canadian Bakken. Their decline rate is about 30%, which is higher than what he would like to see. Trading at 5X cash flow, so it is very, very cheap. Assets are reasonable, and are probably benefiting from strong oil prices and a weaker Cdn$, yet nobody seems to care. There are better names to own.

oil/gas

The predominant player in the Canadian Bakken. Their decline rate is about 30%, which is higher than what he would like to see. Trading at 5X cash flow, so it is very, very cheap. Assets are reasonable, and are probably benefiting from strong oil prices and a weaker Cdn$, yet nobody seems to care. There are better names to own.

oil/gas
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$9.600
Owned Owned
No

COMMENT

You have oil generally flattish in Cdn$ terms, but because of the total apathy towards the space, there has been a selloff in a lot of names. He can see the attraction of this, because it is trading at a 5X inner pipe to cash flow using strip. It used to trade 8X or 9X. If you look at what the assets should be valued at, you basically have cash cows that is funding their user (?) basin where they are getting some pretty good results. If you blacked out the basin, well results relative to well costs looks pretty good. This is undervalued relative to where oil is. Due to the management discount on it, he struggles to see how it would outperform long-term. 

oil/gas

You have oil generally flattish in Cdn$ terms, but because of the total apathy towards the space, there has been a selloff in a lot of names. He can see the attraction of this, because it is trading at a 5X inner pipe to cash flow using strip. It used to trade 8X or 9X. If you look at what the assets should be valued at, you basically have cash cows that is funding their user (?) basin where they are getting some pretty good results. If you blacked out the basin, well results relative to well costs looks pretty good. This is undervalued relative to where oil is. Due to the management discount on it, he struggles to see how it would outperform long-term. 

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$9.630
Owned Owned
Unknown

WATCH

It is trading below book value and was at a premium in the past.  There has been no growth in numbers recently.  The market wants to see a growth story.  He is watching it and may launch coverage.  After this tax loss selling if it backs off to $8 then it could be an attractive buy.

oil/gas

It is trading below book value and was at a premium in the past.  There has been no growth in numbers recently.  The market wants to see a growth story.  He is watching it and may launch coverage.  After this tax loss selling if it backs off to $8 then it could be an attractive buy.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$11.080
Owned Owned
Unknown

COMMENT

He still likes this. It’s been one of the worst performers. What was off with them was the amount of equity they raised over a period of time, and they flooded the market. They have a very good land base with good drilling opportunities. Cash flow has been relatively strong. He's been adding to his holdings recently.

oil/gas

He still likes this. It’s been one of the worst performers. What was off with them was the amount of equity they raised over a period of time, and they flooded the market. They have a very good land base with good drilling opportunities. Cash flow has been relatively strong. He's been adding to his holdings recently.

oil/gas
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$11.250
Owned Owned
Yes

COMMENT

This is probably way too cheap. Trading at around 5.8X. Doing a good job of selling their non-core assets. One of the prominent light oil producers in Canada. They've had really strong production growth over the years. However, he models very low growth over the next couple of years. Has 126% payout ratio, so the dividend is not safe. Trading at 3X 2018 and 2019, which has him not being a buyer.

oil/gas

This is probably way too cheap. Trading at around 5.8X. Doing a good job of selling their non-core assets. One of the prominent light oil producers in Canada. They've had really strong production growth over the years. However, he models very low growth over the next couple of years. Has 126% payout ratio, so the dividend is not safe. Trading at 3X 2018 and 2019, which has him not being a buyer.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$10.480
Owned Owned
No

SELL

Has had a bit of a pop recently, but that directly correlates with oil prices. Oil is not in a rush to get to $70-$80 anytime soon. Based on that, he would be selling this and moving on.

oil/gas

Has had a bit of a pop recently, but that directly correlates with oil prices. Oil is not in a rush to get to $70-$80 anytime soon. Based on that, he would be selling this and moving on.

oil/gas
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$10.520
Owned Owned
No

COMMENT

One thing this company has going for it is that it had a low in the summer at around $8, which gives it a floor. You want to see this just below the $12.50 range, which is where you are going to find resistance. In place of this, you could look at a basket of stocks through the XEG-T. If expecting this to play catch-up, the odds are pretty high that it is going to stay a laggard. You don't want to be with the laggards.

oil/gas

One thing this company has going for it is that it had a low in the summer at around $8, which gives it a floor. You want to see this just below the $12.50 range, which is where you are going to find resistance. In place of this, you could look at a basket of stocks through the XEG-T. If expecting this to play catch-up, the odds are pretty high that it is going to stay a laggard. You don't want to be with the laggards.

oil/gas
Hap (Robert) Sneddon FCSI

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

PricePrice
$10.150
Owned Owned
Unknown

DON'T BUY

One of the larger E&P companies in the sector.  He has not been that keen on the sector as of late.  The problem is a lack of pipeline capacity to get the product out.  Western Canadian Crude is trading at a decent discount.  Profitability is not where he would like to see it with most of these Canadian companies.  You want to go best of breed.  You want to own downstream assets.  He prefers SU-T because of great upstream assets as well as refineries and service stations. 

oil/gas

One of the larger E&P companies in the sector.  He has not been that keen on the sector as of late.  The problem is a lack of pipeline capacity to get the product out.  Western Canadian Crude is trading at a decent discount.  Profitability is not where he would like to see it with most of these Canadian companies.  You want to go best of breed.  You want to own downstream assets.  He prefers SU-T because of great upstream assets as well as refineries and service stations. 

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$9.350
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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