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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $20.4100 on 2016-06-30

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Date Signal Expert Opinion Price
2016-06-27 COMMENT Peter Brieger

One of his favourite energy stocks. It is one of the best companies in Canada. They have 7000 prospective wells, many of which are subject to the benefit of water flood. You are going to see continuing increases in production. Feels that eventually the dividend will start to be increased.


Price:
$19.120
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-22 PARTIAL BUY Kash Pashootan

One of the higher-quality names in the group. Has been frustrated on management doing what they said they wouldn’t do, such as issuing new stock, or stating that there would be no dividend cut. Thinks oil has turned the corner, and you could start a position here. He is looking at this. You might see a breather over the next quarter, and that is when he would be looking to entering this.


Price:
$20.300
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
OPTIMISTIC
Owned:
No
2016-06-21 COMMENT Zachary Curry

A well run company. The best thing management did was to reduce their dividend. In the old days they paid out a lot of money in dividends, and they were serial issuers. His hope is that they do not raise the dividend if oil prices go up, or to start issuing equity again. He is looking at this one.


Price:
$20.540
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2016-06-20 BUY John Zechner

(Market Call Minute.) Not a big fan of energy stocks in general, but likes this one. Has a good portfolio and a good land base to drill on. Generating a decent cash flow.


Price:
$20.530
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-06-17 COMMENT Greg Newman

This has a sustainable payout ratio and a valuation that is not bad. It also has slight production growth from 2015 to 2017. Yield of under 2%.


Price:
$19.880
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-17 COMMENT Norman Levine

Likes this but doesn’t own it. It’s on his radar, and at the right time and the right price he will probably be buying it. Thinks oil and a lot of commodities went down too far and too fast, and then bounced back with a lot of Short covering. The outages in the Athabasca area, Nigeria and other places have caused an artificial shortage in crude. With the oil sands starting to come on, that is going to start to ease. Thinks oil is going to start heading down again, possibly the lower $40 or the higher $30, and then it is worth looking at. 


Price:
$19.880
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-06-15 PAST TOP PICK Bruce Campbell (1)

(A Top Pick June 1/15. Down 19.84%.) His favourite senior oil. It has the most growth. For the first time, they are going the other way by being a seller of properties. Lowered the dividend to the point where the balance sheet is good. Still has a lot of hedges in place. Their breakeven point is down into the high $30s.


Price:
$20.750
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-06-13 COMMENT John Stephenson

Crescent Point (CPG-T) or Suncor (SU-T)? He would choose Suncor because it is more defensive being integrated and has the refinery assets. This is a very good name, but it has rolled a little bit more with a commodity, in terms of pricing.


Price:
$21.180
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-09 HOLD Douglas Kee

Their balance sheet is in good shape. They concentrate on big positions in a few properties, which seems to work well for them. They have a disciplined way of selling forward in the futures market. This is light oil, they are hedged, and it is a good balance sheet.


Price:
$22.480
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2016-05-31 COMMENT Dennis da Silva

Has held this for a number of years. Feels that through this downturn, people appreciate the fact that they didn’t utilize debt to make all those acquisitions. Think they have gotten back to the stage where they want to be more organically driven. A core holding for him. It has significant torque to not only the underlying margins with oil recovering, but with the ability to introduce growth back into the equation.


Price:
$22.200
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
Yes
2016-05-27 BUY on WEAKNESS Eric Nuttall

Loves the stock at $12-$19, but at $22 it is fairly valued. Management team has been great. Trading at 8X on $60 oil, and he struggles figuring out how he gets rich at this level. With the meteoric rise in the shares, it is possible that over the summer there would be a 5%-10% correction.


Price:
$22.300
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC on OIL
Owned:
Unknown
2016-05-18 COMMENT Steve Belisle

He likes this company. They have been executing well recently. The issue he had with them in the past is that they lacked discipline on the acquisition side. He is still a bit concerned about this.


Price:
$21.830
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-16 PAST TOP PICK John Zechner

(Top Pick Jul 7/15, Down 9.93%) Oil prices were where they are now.  He added more to the position at the low and then got out recently.  Some hedges rolled off so that is why it is down now.


Price:
$21.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on ENERGY
Owned:
No
2016-05-16 BUY Swanzy Quarshie

If looking to increase your oil exposure, this is a name to go to. Feels they are doing all the right things. It had a bit of a challenge coming into this downturn, because their dividend was too high. They got rid of their DRIP plan which was a good thing, and are living within their means right now. The water flooding is doing very well, so they have to spend less capital to keep the production flat.


Price:
$21.770
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-09 COMMENT Peter Brieger

Encana (ECA-T) or Crescent Point Energy (CPG-T)? Wants to sell one to buy the other. He would sell Encana. Thinks this company’s management’s head and shoulders above anyone else in the oil patch.


Price:
$19.530
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-05-05 PAST TOP PICK Brooke Thackray

(Top Pick Feb 29/16, Up 22.57%) Feb 25th until May 9th is the seasonal period of strength.  We are up just past support here.  But now is not the time to be in energy.  He exited.


Price:
$20.200
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2016-05-04 BUY Michael Simpson, CFA

Primarily a light oil producer, about 89% oil focused. Have assets in Alberta, Saskatchewan and Utah. Has gone through a difficult period during the last 12 months. Cut their dividend twice and slashed their capital budget. He was adding in the $16-$17 range. Would be adding on down days like today.


Price:
$19.320
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2016-05-03 COMMENT John O'Connell, CFA

Has pooh-poohed this one for about 4-5 years and got lots of hate mail for that. Hadn’t liked the business model of buying companies, raising the dividend, and then raising money to pay for it. They’ve now changed their model. Cut their dividend down to a sustainable level. Have lots of inventory and don’t need to buy any more. Large institutional investors are looking for a well-run company. This is it, and he thinks you will continue to see a massive flow of large capital going into this.


Price:
$19.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-28 BUY Bruce Campbell (1)

He really likes this. There was a CAP conference in Toronto 2 weeks ago, where management gave an excellent presentation. They are doing all the right things. They are in Utah and Saskatchewan, not Alberta too much. Good growth. Cut the dividend down to where, even at strip pricing in the $30s, they would be profitable and generate some free cash flow. Thinks it goes to $24-$25 if oil goes sideways, and higher than that if oil goes higher.


Price:
$21.420
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-04-25 BUY James Rife

It has transitioned from a high payout stock and found religion in managing their dividend.  Investors are very interested in this one.  It was punished.  This is kind of a goto name for oil beta.  If you believe in the energy rally this is posed to outperform the XEG-T ETF.


Price:
$21.120
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2016-04-22 COMMENT Josef Schachter

Probability of foreign entities taking out a major producer like this? Thinks this is probably a good idea, but these are the kinds of things that are not going to happen very quickly. This company has done a great job on their hedge book, and still have $1 billion of hedges. BV is $22.05. Any time a stock gets close to BV, it’s a cheap story, and any time you see this trading below BV he thinks it is a great buy. This company is very astute.


Price:
$21.900
Subject:
OIL & GAS
Bias:
BEARISH on ENERGY
Owned:
Unknown
2016-04-19 WEAK BUY David Burrows

Of the key themes in this market is something called beta. Resources and basic materials have been part of that. This stock is really, so far, a retracement of some of the losses over the last 2 years. When you have a bust, things may go down 65%-70%, which oil did, and will very often have as much is a 50% bounce off the bottom, as people go looking for the money they lost on the way down. You have to go through a long period of restructuring in the industry before you ever get a sustainable rally. This company built its business on growth, making acquisitions and growing their production, but they don’t have a balance sheet to make those kinds of accretive acquisitions today, so it is going to be difficult. You’re not going to get hurt too badly right, but he would prefer longer-term to look at a different sector.


Price:
$21.080
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-11 PARTIAL BUY James Telfser

(Market Call Minute.) Would rate this as a half-buy given his views on energy and their great long-life assets.


Price:
$18.410
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-04-07 TOP PICK Eric Nuttall

Don’t think about it as a dividend payer.  They are more interested in institutional money.  As oil appreciates they can grow faster than consensus would say.  Money will come out of companies like SU-T and much of it will go into this company.


Price:
$17.530
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2016-04-05 COMMENT Zachary Curry

This is on his list. The reduction in their dividend was a really meaningful step. In effect management is saying that they cannot pay this out anymore. This could be one of the better names coming out of this environment. Have great assets. Also, have not borrowed as heavily as other companies. He would be a buyer at the right price.


Price:
$17.100
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
No
2016-03-28 HOLD Michael Sprung

He owns a little.  They finally reduced their dividend to a much more manageable level.  It shows management can act prudently.  This one still looks a little expensive at these levels.  They are a well managed company.


Price:
$17.820
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-03-21 TOP PICK Robert Lauzon

They are making money here and just slashed their dividend.  They can make acquisitions without issuing equity now.  He thinks they will acquire to increase earnings per share. 


Price:
$18.590
Subject:
ENERGY & INFRASTRUCTURE
Bias:
OPTIMISTIC
Owned:
Yes
2016-03-15 BUY Bruce Campbell (1)

(Market Call Minute.) This is his only oil holding, and he would be a buyer under $18.


Price:
$17.890
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-03-14 HOLD Teal Linde

Don’t sell it.  Don’t buy more.  The problem is that the production was 176k barrels last year and they expect to do 165k this year.  They reduced their dividend to 2%.  Their valuation is lower than their peers.  He would slightly underweight this stock in a portfolio.


Price:
$17.910
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Unknown
2016-03-11 COMMENT Bill Harris, CFA

These are cyclical stocks, so to buy something at the bottom really looks bad. When oil went below $30, no company in Canada was making money. If paying a dividend when you don’t make money and you don’t know how long it is going to be, no company should be paying a dividend. He likes this company, and if he gets his stars to line up correctly, he is probably going to own this again. The best company with oil leverage to get out of this situation.


Price:
$18.340
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
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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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