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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $19.1200 on 2015-07-29

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Date Signal Expert Opinion Price
2015-07-28 WAIT Jim Huang

Leveraged to the oil price, which has come down to $47. They are pretty much 100% oil. Very good management team and good operators in good oil fields. The issue is with the dividend at around 12%, clearly unsustainable at the current price. He thinks a wise decision would be for them to cut the dividend. Wait for a cut in the dividend before buying.


Price:
$19.120
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-07-27 HOLD Bruce Campbell (1)

(Market Call Minute.) Dividend yield is now 14.7%. A Hold and maybe even a Buy at this level. They have hedges on through next year, so would only have to cut the dividend if oil stays at $45 for 18 months.


Price:
$18.750
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-24 COMMENT Jeff Young

Now back to 2008 levels, but it is not alone. A lot of these companies had very strong hedging books going into this year that have seen them come through. When oil had the bounce through the spring, it pushed those hedges out a little bit. It is very difficult to hedge now into 2016. Thinks it’s going to be 2018 before we see a $60 oil price.


Price:
$19.820
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Unknown
2015-07-24 WAIT Jaime Carrasco

One of the better players in his portfolio. They will survive. He is waiting to add. Has noticed that inventory levels have started to flatten out in North America. His company has a $40 target and that the dividend is sustainable. However, he is not ready to add yet. Yield of around 14%.


Price:
$19.820
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULLISH on GOLD
Owned:
Yes
2015-07-23 PAST TOP PICK Martin Davies

(Top Pick Jun 25/14, Down 51.92%) The market thinks it should cut its dividend, but they are adamant they don’t have to do that.  13.6% is the dividend.  They have a relatively good balance sheet.  It is a buy here.  It is trading at 2008/09 levels.


Price:
$20.450
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Yes
2015-07-22 COMMENT Allan Meyer

One of the better companies. Likes what they are doing. Good strong control. Picking up some of the weaker companies. The trouble is, you have low oil prices. Hopefully their hedges last long enough that they don’t have to start worrying about the current prices of oil. They have been able to hold their dividend in. There is a lot of pressure on oil. He is looking for oil to maintain at around $48. He is not a fan of oil and gas.


Price:
$21.000
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2015-07-21 WATCH Hap (Robert) Sneddon FCSI

He sold all of his energy stocks last fall, hasn't dabbled back into it yet. It is a really interesting idea. If it could hold the December low, it could be an opportunity for a seasonal trade. Recommends sitting on the sidelines and watching.


 


Price:
$21.830
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2015-07-21 DON'T BUY Barry Schwartz

He doesn’t like high yielding companies in the commodity sector. It doesn’t make sense. Kudos to the management team for hedging, but aren’t they in the business to sell oil/gas at the highest price possible in the spot market? 12% yield is all you have to know to tell you that it is a dangerous situation.


Price:
$21.830
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-07-17 PARTIAL BUY Brendan Caldwell

This has been under a lot of pressure along with all the other energy companies. Recently bought some of their new issue. Their price has been really, really dependent on it paying its dividend. If they cut, the price would come off in a significant way. Having just done a very large equity issue recently, it is unlikely they will have a cut unless oil prices come under much more pressure. Doesn’t think this is a bad bet to nibble at.


Price:
$22.420
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 BUY Douglas Kee

Likes the dividend on this, and believes that it is safe. They are making very astute acquisitions and adding onto their core property areas. The balance sheet is still in good shape. Have a good hedging program. Likes this comany longer-term. Dividend yield of 12%.


Price:
$22.800
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-07-15 COMMENT Bruce Tatters

Exited the majority of his energy exposure about a year ago. You can’t talk about an energy company in Canada without talking about the crude oil price. The US rig count has gone from 1600 down to 650 currently. Even by March it had hit about 825. Even with the massive drop in rig counts, we still haven’t seen production rollover in the US. Expects you have to see it start to rollover before you really ever see a sustained a rally in oil. Be patient and let some more time pass. Keep an eye on the weekly EIA report for production, and watch for an actual decline in production.


Price:
$23.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-07-15 BUY Don Lato

One of the energy names that you can step into. He doesn’t know when the turn is coming in the price of oil, so you have to be very careful if you are going to be in the sector. Stick to high-quality names like this. The yield is very attractive. Even if they have to shave it a little bit, it is not going to be the end of the world.


Price:
$23.100
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-07-14 HOLD Christine Poole

Over 90% of their production is crude oil, and the collapse in oil prices has not helped. A very strong balance sheet. Yielding 12%, which she thinks is safe because they have a very strong hedging program in place. They are notorious for issuing equity. They bought Legacy, which is a good transaction as it consolidates their land base in Saskatchewan. On top of that they issued another 23 million shares at $28.50 and the market questions why they did that issue when they are paying for Legacy transaction in stock. Just did another all stock acquisition. Thinks the selloff has been a bit overdone. There is probably more volatility coming, but over the long-term crude has to be higher than here over the next year or 2.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-13 COMMENT Rick Stuchberry

He owns this for yield. The company is doing all the right things, but the difficulty is that the oil price is going in the wrong direction. They are buying assets at a great price. Great balance sheet. Doesn’t think there is much they can do until energy prices stabilize. Management has stated that they have no intention of cutting the 12% dividend yield.


Price:
$26.070
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-07-13 COMMENT John O'Connell, CFA

From a macro perspective, oil and gas stocks are really trading very, very light right now. This one is suffering from 2 things. First they did a transaction to take over Legacy. It was a smart transaction and helps them consolidate their complete control over the Saskatchewan assets, which are good ones. They financed it through a share exchange ratio, and there have been some risk arbitrage trades, which are putting additional pressure on the company. On top of that they once again issued equity at higher numbers to finance a previous transaction. Have been quite acquisitive recently, which is not a bad thing. The problem is that they are always buying assets and issuing equity. This is very, very dilutive. He is not a big fan although he thinks the dividend is sustainable.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
Showing 1 to 15 of 876 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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