Viewing Company Crescent Point Energy Corp | StockChase
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Compiling comments that experts make about stocks while on public TV.

Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $17.1900 on 2016-12-02

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Date Signal Expert Opinion Price
2016-12-02 COMMENT David Cockfield

This has been a disappointment. The stock went up to $23-$24, and backed off to the low $20, and then into the high teens. They then came out with a huge equity issue, which absolutely killed the market, and is still sort of recovering from that. He still likes it. One of the best managed intermediate oil companies in Canada. They are in the Bakken area where they can actually produce oil and make money at $50. Close enough to the US where they have good pipeline access. That is going to improve. This would still be his choice in the market. Dividend yield of 2.09%.


Price:
$17.190
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-11-24 DON'T BUY Lorne Steinberg

Had been paying out way too much in distribution to shareholders. People bought it for the dividend, and then the company cut the distribution. At these prices, everybody in that sector is having trouble making money. This is not a low-cost producer. He would recommend that you look for stronger businesses.


Price:
$16.400
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2016-11-21 COMMENT Craig Porter

He just started going through their numbers again, because the company sold off significantly. People used to buy this because of the great dividend, which has now come down to about a 2% yield. Because of that, they lost a lot of dividend type investors. It is unfair to the company, because they are operating within their cash flow. They have great low cost assets in south central Saskatchewan. He likes management. Having come down to $15, he is looking at buying it.


Price:
$16.380
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2016-11-15 WAIT Christine Poole

Has held a very small position in this, but hasn’t been adding to it for the last couple of years. It is going to be predicated on what oil prices do going forward. This, along with the other oil producers, have cut capital spending. They’ve raised some equity to shore up their balance sheet and to make sure they can fund the capital in exploration activities that they want to do.


Price:
$16.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-10 BUY Gerard Ferguson

One of Canada’s largest energy companies, doing a great job of acquisitions.  They are in some very good places.  They are sensitive to the price of oil and they are acquisition-driven.  People worried about the leverage with declining commodity prices, which are now finding a bottom.  They are in the penalty box, but management will work their way through this.  It is probably fairly valued, but could benefit from some macro events coming.


Price:
$14.710
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-11-10 PAST TOP PICK Ryan Bushell

(A Top Pick Nov 10/15. Down 16.48%.) This has been a difficult holding. In commodity purchases, he tries to look at the asset value, and that carrying the day. This company continues to execute flawlessly. In a conventional oil company, you are looking for inventory, and this is a company that has done a good job in amassing a great deal of inventory while maintaining a clean balance sheet. They cut their dividend and said they were going to pursue organic growth, and then did an equity issue in the fall which really caused some management credibility issues. Trading at a discount to peers and has much better asset qualities. There is probably a good margin of safety on this now.


Price:
$14.710
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2016-10-28 DON'T BUY Bruce Campbell (1)

They normally issue for acquisitions that are accretive.  But you always get all this stock coming at you.  They got the message in the spring.  And then in the last little while they issued stock again.  They did it only for the balance sheet but he thinks they shot themselves in the foot.  We need a couple of quarters of decent earnings and cash flow growth. 


Price:
$16.070
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2016-10-26 HOLD Bruce Campbell (2)

(Market Call Minute.) There are others he would prefer.


Price:
$16.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-10-25 COMMENT Colin Stewart

He likes this company. This is a way to get exposure to increasing oil prices. They have a fair bit of leverage to a rising oil price. Recently did an equity financing, which didn’t actually go over that well, which is part of the reason why the stock pulled back. He thinks there is a bit of a catch-up trade here, as investors warm up to this.


Price:
$17.150
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Yes
2016-10-24 COMMENT Peter Brieger

One of the best managed companies in the oil patch. If you see $50 oil prices next year, this is going to do quite well. At $55 oil, it will produce about $125 million in free cash flow, after dividend and after CapX. At $60, which he doesn’t think will happen, you will see as much as $250 million free cash flow. This is really a high-tech company in the sense that they’ve taken the wells they have discovered and have applied a technical approach, water flood #1, which has virtually doubled the output per well, and they are doing some other stuff with liners which also enhances. They have 7000 potential locations, many of which could be applied with water flood. As long as the oil price hangs in, you’ll see a gradual upward trend.


Price:
$17.350
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-21 COMMENT Dennis da Silva

Great asset base. Transitioning into more of being like a senior producer where the growth rate is going to be less. He likes this. Dividend yield of about 2%, and the ability to grow it will improve as oil gets closer to $60-$65.


Price:
$17.470
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2016-10-21 COMMENT Greg Newman

If oil stays over $50, would they increase the dividend? He is modelling $54 oil next year, and this is becoming a really exciting company again. Priced a lot better than its peers. One of the few companies that have had steady production growth over the last 5 years. If you believe oil is going to be above $50, you can own this here. He doesn’t know if they will need to increase their dividend to attract capital.


Price:
$17.470
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-19 COMMENT John Stephenson

An excellent company, but very sensitive to oil prices. It will rally up and down quite hard as crude oil prices move up and down. It has a reputation of being a serial equity issuer, which is justified to a certain degree, but overall it is a good company. There will be a lot of volatility.


Price:
$17.790
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 COMMENT David Baskin

Doesn’t think this will get back to last year’s levels. A great company with great assets, but oil is only worth what oil is worth. In his view, oil can’t go past a certain point now, because of the excess supply that is out there waiting to come into the market, and the number of drilling rigs that can be employed very quickly, which will drive down the cost of the commodity.


Price:
$17.490
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-07 COMMENT Eric Nuttall

As a stock, this is mispriced. It is undervalued. In order for that situation to get rectified, they need people to care. About a month ago, they came to market to do a raise, and the reasons for doing it sounded really, really quite poor. This has tainted the institutional interest. The appetite for the stock is not what it was. It is going to take time.


Price:
$17.710
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on OIL
Owned:
Unknown
Showing 1 to 15 of 1,027 entries
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1 Comment

mylund

December 19th 2013 at 12:44pm

Who would be railing their crude in North America?


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