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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $28.6100 on 2014-12-22

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Date Signal Expert Opinion Price
2014-12-19 DON'T BUY John Zechner

They haven’t cut the dividend yet, but thinks they are probably going to have to at some point. They were paying out almost 100%, even though they have some hedges on. He is not buying in this sector even though it has come down a lot.


Price:
$28.610
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-12-12 HOLD Bruce Tatters

Was a market darling for years and years and has been one of the bigger growth names in Canadian shale oil, as opposed to an oil sands company. Terrific track record of growth. Has never been a particularly big fan of it, principally because their growth rate in production has been overshadowed by their growth rate in shares outstanding. In the last couple of years, they have made acquisitions at pretty rich valuations. Has dropped from the $40 range, down to the low $20s. If you own, he wouldn’t Sell. Not as over levered as some other players. Has about 40% of its production hedged in the $90’s.


Price:
$21.760
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2014-12-10 COMMENT Bruce Campbell (2)

From what he understands, this is hedged at a much higher level, from a total production standpoint, than what most other firms are. He understands it could be north of 50% of their production that is hedged. The obvious issue is that once those hedges roll off, they are going to be realizing lower prices. Everyone is trying to play leapfrog and get ahead of everyone else by selling before those hedges come off and the cash flow drops down. Very well-managed company. Management has said that if lower prices continue, they will protect their balance sheet rather than protect their dividends.


Price:
$22.490
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2014-12-09 HOLD Christine Poole

Company has said they are not going to cut their dividend and she doesn’t think they have to unless energy prices stay below $60 for a number of years. They have hedged out some of their production, about 60% in the 4th quarter, at $92, and 37% of next year’s production at the same price level. They never cut their dividend, even in the recession of 2008. Management is very cognizant that their shareholder base wants that yield. Yielding around 11%, so the market is indicating they believe otherwise.


Price:
$24.940
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-12-08 HOLD Jeff Young

Near term, the dividend is fairly safe.  They have a decent amount of hedging for next year and the balance sheet is relatively good.


Price:
$25.000
Subject:
CANADIAN DIVIDEND
Bias:
BEAR on ENERGY
Owned:
Unknown
2014-12-05 TOP PICK David Cockfield

Thinks this has gotten beaten up too much. They operate in Saskatchewan and in North Dakota. Super operators. Have been very adamant in the past about protecting their dividend when prices went down. He is betting that you will see the price of oil back into the $75-$80 range within 6 months. Yield of 10.34%.


Price:
$26.690
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-05 HOLD Rick Stuchberry

He owns this for yield, so he is not going to Sell it. This company hedged their forward sales and have 40% of next year’s revenues hedged at much higher prices, over $90 on the crude. Because of this your distribution should be okay, unless something from left field comes in. His view now is to Hold and see what happens. Very good management.


Price:
$26.690
Subject:
CANADIAN LARGE & ADRs
Bias:
BULLISH on INDIA
Owned:
Yes
2014-12-04 BUY on WEAKNESS Norman Levine

Great stock, but terrible recently.  One of the better capitalized and better run companies.  There will be lot of time to pick these up later.


Price:
$27.630
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on FINANCIALS
Owned:
Yes
2014-12-02 BUY Lyle Stein

A well-managed company. They have a good discipline of maintaining capital frugalness. They pay dividends and they make acquisitions and they invest in their own properties. The issue here is, how long will oil prices stay low. He doesn’t think this is a long-term bubble that makes sense.


Price:
$29.000
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-12-02 COMMENT Bruce Campbell (1)

A lot of people and the market are forgetting that this company have really good hedges on. 33% is hedged at $93 for next year, about 25% hedged in the $90’s for 2016 and 15% hedged in the $90’s in 2017. Has almost a 10% yield now. His numbers show that oil would have to stay in the low $50’s before the dividend is in jeopardy. 9.5% dividend yield, which he thinks is safe.


Price:
$29.000
Subject:
CANADIAN LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2014-12-01 PAST TOP PICK Eric Nuttall

(Top Pick Nov 04/13, Down 23.98%) You could see the momentum drying up in this stock just before he sold it.  They disenchanted their major US investor.  The average US investor puts 0 value on their dividend.  They have a pretty good hedge position of 33% for 2015, so the dividend is pretty sustainable through 2015.  As the price of oil falls it is getting more and more tempting.


Price:
$28.590
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
No
2014-12-01 DON'T BUY Barry Schwartz

He is scared of companies that have high dividends, and where shareholders are dependent on the dividends. When you combine a commodity price, a lot of leverage and a lot of volatility, this is an accident waiting to happen.


Price:
$28.590
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-11-28 DON'T BUY Jason Donville

Big strong name. Great assets, but he is not a big fan of senior management. Their stock issuance is junky. They love capital markets, and he thinks the market is getting fed up with them. Wouldn’t own this.


Price:
$29.680
Subject:
GROWTH & FINANCIALS
Bias:
UNKNOWN
Owned:
No
2014-11-27 BUY Martin Davies

Very large company with good balance sheet, making large acquisitions and using equity offerings to finance it.  This is the only issue he has.  The things they have acquired have been very attractive.  There is a great deal of hedging.  He likes the assets and how they are executing.


Price:
$30.700
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Unknown
2014-11-26 COMMENT Greg Newman

A little bit better than its peers because it went into this oil price decline with a very healthy balance sheet, and are 30% hedged at $93 for 2015. Mechanically, the company is doing really well. Have been growing their production and have the Torque asset which continues to add inventory. However, at $75 oil, the payout ratio goes to 154% and their cash flow per share declined by 18% in 2015 over 2014. Not a low-risk story any more. He owns a little bit.


Price:
$34.000
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
Showing 1 to 15 of 776 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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