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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $38.1800 on 2014-10-25 01:14:09

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Date Signal Expert Opinion Price
2014-10-23 COMMENT Greg Newman

If WTI is at $80 and natural gas is at $3.50, he is modeling a debt to cash flow of 1.1X on 2015 estimates, which is very reasonable compared to the group at that level at 3X. A 2015 estimated payout ratio, so their dividend sustainability would be 114%, which is not bad. The valuation they would trade at would be 7.4X enterprise value to cash flow. You want to be closer to buying at these levels then to selling.


Price:
$38.070
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2014-10-22 COMMENT Bruce Campbell (2)

Feels the dividend, even at current oil prices, is fairly sustainable. Their all-in production costs and payout ratio is probably just slightly over 100% at this level. Hasn’t owned this for a while because he prefers other dividend stocks such as Surge (SGY-T) and Cardinal Energy (CJ-T). Crescent Point seems to be continually issuing stock as they buy more companies.


Price:
$37.110
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2014-10-20 BUY Larry Berman CFA, CMT, CTA

He turned negative 4-6 months ago.  Now he bought it at $36-$37 and it is neutral to up a little right now.  You don’t need to rush into it as you will see a lot of up and down in this sector.  Wait for the Russia/Ukraine situation to be resolved. 


Price:
$38.100
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
Yes
2014-10-20 DON'T BUY David Baskin

Cash flow per share is the more important metric.  Don’t get fussed about the high PE ratio.  The cash flow has to pay the big dividend and replace assets as they deplete.  He has never been bullish on CPG-T because their payout seems overly optimistic.  The payout ratio is unsustainable if oil prices stay low for any period of time.  If they cut the dividend then the stock will fall like a rock.  He only has SU-T and CNQ-T.


Price:
$38.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-10-17 HOLD Eric Nuttall

120% payout ratio with low oil prices.  But their cash flow sensitivity is not that related to the oil price.  The dividend is safe. 


Price:
$37.680
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Unknown
2014-10-17 DON'T BUY James Hodgins

Dividend stability depends on the price of oil.  If oil falls, he thinks either cap X or the dividend will have to be cut.  Does not like names with relatively high debt that attract investors with the yield.


Price:
$37.680
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
UNKNOWN
Owned:
Unknown
2014-10-16 HOLD Stan Wong

You do not want to sell these names at this point. This one is giving you a 7.5% yield. In fact he has been looking at buying some of these names.


Price:
$36.800
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-14 COMMENT Brian Acker, CA

Recently did a stock issue, so his figures do not include this. He would like to see the new balance sheet when it comes in. Not a fan of this. This is the 1st time in 4-5 years that it is actually trading below his model price calculation. Thinks this is on its way down to $32.


Price:
$35.010
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2014-10-14 COMMENT Bruce Tatters

For a very long time, this company had a higher multiple and used its paper to issue, acquire and grow. It is a very large company now. Has been a good operator. Doesn’t have an enormous amount of debt and pays a very, very high yield. The question is how long does oil stay down. In really low oil prices, these shale oil plays are not the ones to look at for a safe haven in dividends. It is the bigger names that don’t have decline rates and have better balance sheets.


Price:
$35.010
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-10-10 PAST TOP PICK David Cockfield

(A Top Pick Oct 22/13. Down 3.82%.) Down, but this is just a measure of the panic in the market. This is one of his favourite stocks. Pays an excellent dividend of well over 7%. Have an excellent production record. $81 US for Bakken oil now. A fantastic operator and they have years of drilling to do.


Price:
$36.820
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-10-09 SELL David Burrows

(Market Call Minute) Great company, but wrong sector.  He came out of this one some time ago.


Price:
$37.040
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
No
2014-10-08 BUY Michael Sprung

Very well managed company. Have built up an inventory for which they are going to be able to drill into and increase production. With this correction, he would certainly be looking at buying this.


Price:
$38.120
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-07 COMMENT Christine Poole

The drop in the large-cap energy producers has really been predicated by the drop in crude oil prices. Even though WTI is around $88, the spread that the producers are getting has been narrowing, which is positive. Also, the Cdn$ has been weaker and crude is paid in US$, which dampens the price drop somewhat. Doesn’t think there is a lot of downside left in crude prices. This company has a very attractive dividend and very high quality light oil crude. Net backs are very high and she feels the dividend is safe. You could start picking at it, but you might want to wait until the crude price stabilizes.


Price:
$38.590
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-10-06 COMMENT Zachary Curry

Feels that the dividend is safe. Made a great acquisition about a year ago in Utah that has worked out quite well, US$ denominated and close to refining. The biggest issue against them is that they are serial issuers. Every deal they do, they issue more equity. Management has grown the company well. He is positive on this name.


Price:
$39.170
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-10-03 BUY Bill Bonner

Dividends are healthy and it is one of the most sustainable dividend models he follows.  Criticized for constantly issuing equity.  They do so because they can.  That takes the buying wind out of their sails.


Price:
$39.620
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Unknown
2014-10-03 BUY Bruce Campbell (1)

Dividend is very safe.  Based on cash flow it is well covered.  You will not see an increase for a while.  He would buy with new money here today.


Price:
$39.620
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 PAST TOP PICK Ryan Bushell

(Top Pick Sep 23/13, Up 8.72%) He continues to be impressed with the discipline in their business model.  Not every oil and gas company runs their company in a sustainable long term time horizon.  They continue to accumulate assets in areas they are already in to have better production from their wells longer term.  Hold it as a core holding and collect the 7% yield and see where you are at 10 years from now.


Price:
$39.250
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-01 WAIT Don Vialoux

It is having a difficult time.  On a seasonal basis, it is performing well.  It performs well from Jan-May of each year.  It is now in a downward, trend, underperforming the market and below its 20 day moving average.  Take a look in January.


Price:
$39.540
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
Unknown
2014-09-29 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

Fine company and good dividend payer.  We had this correction.  You have a head and shoulders developing right now.  He thinks it might go a dollar lower before turning around. 


Price:
$40.340
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-09-29 HOLD Norman Levine

Holds it for income clients.  The dividend is healthy and safe.  The price of oil is vulnerable so it is just a hold here.  He is not a fan of the fact that they are a serial acquirer and issuer of stock.  They took a break in that and so now feels better about it.


Price:
$40.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2014-09-26 BUY Michael Bowman

He has a real problem with oil sands oil.  The world is really down on it.  CPG is a premier company in a fantastic field.  It is light oil. 


Price:
$40.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Yes
2014-09-25 BUY Michele Robitaille

Equity issue hides the actual operating results.  You could see a little bit more sell off here.  The market is overdue for a consolidation, however.  If you can get in here it has good fundamentals.


Price:
$39.280
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Unknown
2014-09-25 BUY Genevieve Roch-Decter

Just did an $800Million equity issue.  All the deals recently in the energy space are under water.  This is a long term hold.  She thinks the management is outstanding.  They are ahead of the curve in crude by rail and get the highest net backs.  Canadians can sell their oil anywhere, unlike the US.  She would buy it here as it is a bargain.


Price:
$39.280
Subject:
NORTH AMERICAN ENERGY INFRASTRUCTURE
Bias:
CAUTIOUS
Owned:
Yes
2014-09-23 HOLD Ross Healy

Doesn’t think the current setback is anything serious.


Price:
$40.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-09-23 COMMENT Rick Stuchberry

In big pools of oil and they know where the oil is. It’s all about keeping costs down, which they are very good at. Has dropped a bit in the last little while because the price of crude went from $107 to $91. They are hedged for part of their production, so the dividend is safe. Every time they drill a well, it costs them $3-$5 million so they have to be financed. Just did an issue. That, plus the weakness in the oil market, caused the stock to come off a little.


Price:
$40.000
Subject:
CANADIAN LARGE & ADRs
Bias:
BULLISH
Owned:
Yes
2014-09-22 TOP PICK Peter Brieger

Oil has stopped going down.  They have already drilled 700 wells and secondary recovery techniques can be applied to half of those.  They have an inventory of 7,600 wells to which the same technique can be applied.


Price:
$40.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-17 COMMENT Brian Acker, CA

The issue here is that it is now an $18 billion company, but the stock price hasn’t moved. They issue capital basically to keep the dividend out. They do acquisitions. Now in the US because they have probably dried up all the capital in Canada for a company of this size. His model price is $38.33, a 10% discount. If you are looking for appreciation, you are not going to get it here.


Price:
$42.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2014-09-16 COMMENT John O'Connell, CFA

They have done a great job of executing. They have sold so much equity and it is owned by so many retail investors and portfolio managers that they need to go and find some new investors. They also need to say to Canadian dealers who have made a killing selling new issues for them, “We’re going to the US and hire Merrill Lynch and find some new investors.”. These deals are just too big. Company has done a great job of executing, but it is strictly a case of flow of funds, too many shares in too few accounts.


Price:
$42.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-09-12 BUY Bruce Campbell (1)

Just acquired Lightstream Resources and issued shares for $750 million. This will be about 3% accretive to cash flow per share. This is contiguous land and makes a lot of sense. He bought more shares when it pulled back from $42. 7% yield. Cheap valuation. Thinks this will be fine going forward.


Price:
$41.990
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-11 HOLD Teal Linde

They had a great year.  They have had success with their completion process.  Water flood techniques are being put into a fuller scale.  The recent acquisition will be very accretive. 


Price:
$42.340
Subject:
NORTH AMERICAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
Showing 1 to 30 of 745 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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