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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $32.1000 on 2015-04-27

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Date Signal Expert Opinion Price
2015-04-23 DON'T BUY Greg Newman

At $50 oil this year, he sees 154% payout ratio for 2015. Debt to cash flow is 2.4% this year and widens to 3.2% next year. Still not bad relative to the group.


Price:
$32.290
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2015-04-17 COMMENT Norman Levine

Sold his holdings because he was convinced that the price of oil was not going anywhere soon. This one has held up way better and has acted way better than a lot of oil stocks. It has great land positions. Also, management has very prudently hedged about 60% of their production at around $90 a barrel. The dividend is safe under current conditions, but he questions if it is safe next year if oil prices stay at a low level.


Price:
$32.380
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-16 COMMENT Kash Pashootan

He has been negative on energy for a while. The only “close to oil/gas” name he owns would be Enbridge (ENB-T). The dividend on this is safe for now, i.e. over the next 6 months. Anything longer than that is really a wildcard. You don’t want to bet the farm on the fact that they are hedged and that the dividend won’t go down.


Price:
$32.370
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
BEARISH
Owned:
No
2015-04-14 HOLD Christine Poole

High quality light crude out of Western Canada. Like all energy companies, they have cut their CapX by 28%, but have maintained their dividend. Yielding around 9%. Have a very strong hedge program in place. She doesn’t think they will cut their dividend unless crude stays down here for a prolonged period of time.


Price:
$31.460
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-10 PAST TOP PICK David Cockfield

(A Top Pick April 8/14. Down 18.99%.) He still likes this and has added to his position at lower prices. It has been working its way back up. In the Bakken, one of the better areas. Expects they will make some acquisitions that will be very advantageous to them. Feels the dividend is relatively safe.


Price:
$30.760
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-06 WAIT Josef Schachter

Great company. Has a very attractive yield of $.23-$.76 for the year. Stock is trading at $30.80. The low for the stock in December, when people were worried about them cutting their dividend, was $20.87. Balance sheet is in good shape. BV is around $23. Have a good hedging program. They are talking this year of spending $1.45 billion and having average production of 150- 2,500 BOE’s a day and paying that $2.76 dividend. You may want to hold your powder dry for the next 3 months.


Price:
$30.800
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Unknown
2015-04-02 COMMENT Mason Granger

Financial leverage is about 1.8X debt to cash flow, which is very reasonable. The sustainability ratio, when you account for the dividend reinvestment program, is about 112%. They have a very disciplined three-year rolling hedging program. In 2015 they were about 45% hedged on their oil. In 2016, they’re something like 30%. All of the things are in place to keep it a very stable and sustainable dividend.


Price:
$29.840
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-03-30 BUY Martin Davies

It is a great strategy.  It started with buying existing oil fields with a very low recovery process.  They are producing at very good levels and the assets have a low decline rate.  This is a big advantage.  They have been very prudent with acquisitions.  They have a very strong hedging book.  65% of this year’s oil is sold forward at over $80 a barrel.


Price:
$28.760
Subject:
CANADIAN OIL & GAS
Bias:
OPTIMISTIC
Owned:
Unknown
2015-03-30 PAST TOP PICK Martin Davies

(Top Pick Jun 25/14, Down 36.76%) They are going out of their south east and south west Alberta asset base.  They are now in Utah.  They can take the technology from one area and apply it to another. 


Price:
$28.760
Subject:
CANADIAN OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-23 WAIT John Stephenson

This is a name people love to hate.  They are in the right part of the energy chain.  The commodity is under pressure so wait until September or late August to get in.


Price:
$29.110
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-03-23 DON'T BUY Brooke Thackray

Stock vs. Stock.  CVE-T vs. CPG-T. He can’t call the bottom.  CPG-T has hedged a lot of its production for this year.  The pattern in the end is the same for both but if he had to choose one it would be CPG-T.


Price:
$29.110
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2015-03-19 COMMENT Andy Nasr

He likes the name.  The sustainability of the dividend is a call on the price of oil.  They hedged a good chunk of their production for 2015.  The dividend would not be safe if oil hovered around $40.  He thinks oil will go back up to $50-60 by the end of the year.


Price:
$28.210
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-03-16 COMMENT Bruce Campbell (1)

Has a really high hedge at $89 for this year with about 33%-40% hedged for 2016 at $84. Good balance sheet and growth in production. They can pay the dividend out of cash flow. If oil is $43 a year from now, this would probably be rethought. You would have to have quite a draconian forecast for oil for them to have to cut.


Price:
$27.050
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2015-03-12 HOLD Christine Poole

Storage of oil is very high and we are going into a season where the inventories would build.  If oil went down to $10 or $20 it would not stay there because no one can produce oil at that price.  CPG-T is re-evaluating their cap x program later this spring and may cut it then.  They will cut cap x before cutting their dividend.


Price:
$28.060
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-03-11 COMMENT Keith Richards

This is a high dividend payer. Had a beautiful support level at $35. Up until the recent crash in the oil sector, you treated the stock by buying at the bottom of its trading range. That was broken through last year. Chart shows it is testing that $35, but failing. His feeling is that this will have a lid of around $35 and move sideways at this point.


Price:
$28.210
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2015-03-10 SELL David Burrows

Change from Crescent Point (CPG-T) to Vermilion Energy (VET-T)? We don’t have the thematic backdrop that is good for energy. Doesn’t think you should be switching horses from one energy stock to another. Thinks you should leave energy and move on to a different sector. Both are going to have difficulty if energy prices move lower. None of these dividends are safe if oil prices go lower.


Price:
$27.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-03-10 COMMENT John O'Connell, CFA

This company has done a great job of executing. They keep telling you how many drilling locations they have in inventory, and yet they keep buying things and issuing equity and paying out a big dividend at the same time. You are investing your money in the company, to give it back to you through a dividend and you have to pay tax on it, and then they issue more equity to buy more oil/gas in the ground. Thinks they have saturated the market and are going to have to find new investors. Expects they are going to acquire something in the next 6 months which will put a lid on the stock. He would like them to make the acquisition by cutting their dividend.


Price:
$27.710
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-03-09 DON'T BUY John Zechner

His problem with this is that a lot of what is supporting the stock is the dividend. The dividend right now is probably around 130%-140% of what their annual cash flow would be, especially once their hedges start rolling off. Doesn’t know that the dividend is necessarily sustainable at these levels. They have a great stable of properties to drill on.


Price:
$28.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
No
2015-03-09 HOLD Teal Linde

The payout ratio was too high.  Their debt to cash flow is among one of the best.  They are criticized about their issuing of shares to finance acquisitions, and that has preserved the company until today.


Price:
$28.070
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2015-03-06 HOLD Jaime Carrasco

His company has a $47 target on this and doesn’t have any concern about the dividend. A very well-managed company. When the time is right, this is one that he would definitely be adding to.


Price:
$28.920
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-03-05 SELL Brian Acker, CA

This has never been one of his favourites.  It has a model price of $4.76 (yes, four dollars).  They pay out too much and are making a lot of capital expenditures.  It had a bounce and looks to be testing his EBV line at $22.60.


Price:
$29.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2015-03-04 COMMENT Bill Harris, CFA

On his list of about 10 things he would like to own, but his strategy has ended up slightly differently. If their hedges roll off and oil is still that $40-$45, the cash flow will be impacted. His hunch is that this company might get away with getting through this. Extremely well-run with very high margins. Great company.


Price:
$30.550
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-03-03 HOLD Dennis Da Silva

One of the granddaddies of the energy sector paying dividends. A core holding for him in any of his income portfolios. In a good position to be opportunistic in this market. There is a lot of talk of them spinning out assets, may be into a merger with a more troubled oil producer, to create a more growth oriented company.


Price:
$30.490
Subject:
CANADIAN RESOURCE
Bias:
OPTIMISTIC on ENERGY
Owned:
Yes
2015-02-26 HOLD Douglas Kee

Likes this company. Pretty conservatively managed in that their balance sheet is not significantly leveraged. As part of their whole corporate thing, they Sell forward. This has hurt in the last couple of years, but is now helping them. Dividend is safe for the next 6-12 months if oil prices remain $50+ going on 12 months.


Price:
$30.990
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-02-24 SELL Barry Schwartz

If he owned this kind of company he would get rid of it in a heartbeat. He doesn’t believe these types of companies’ dividends are sustainable nor that their business plans are sustainable at $50 oil. They have no control over the underlying product they sell.


Price:
$31.870
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2015-02-23 PAST TOP PICK Peter Brieger

(Top Pick Feb 24/14, Down 14.10%) Thinks dividend is going to be maintained, but you have to be ready in case the oil price stays down.  It would still be a great company at a lower dividend.


Price:
$31.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-18 COMMENT David Cockfield

Had been buying more of this at around $25. One of the best oil producers in Canada. They are also in North Dakota. They hedged by selling forward a good part of their 2015 production. It is not without risks. He is concerned and is watching it. If the price of oil continues to hold in the current area, he would become more concerned. If the stock price dipped down a little, he might buy more, but otherwise he would be cautious. If you are going to hold an oil, this is the one to hold. Good dividend.


Price:
$31.980
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 BUY on WEAKNESS Swanzy Quarshie

There has been a big move in the stock and in the energy sector in the last month or so. Relatively speaking, this is the name you want to be in if you want to make an entry into the sector. She feels the dividend is safe. Have done well with cutting their CapX programs to make sure they can pay the dividend. Because they have the dividend reinvestment program, 30% of the dividend is paid for in shares, which gives them the ability to make sure that they have enough cash on the books to pay for the rest of the dividends. Have a very strong balance sheet, relative to the group, and a well regarded management team. If they transact again, they will issue shares, which might be a time to enter.


Price:
$32.500
Subject:
OIL & GAS
Bias:
CAUTIOUS on ENERGY
Owned:
Unknown
2015-02-12 WAIT Lorne Steinberg

He owns none of the Canadian Commodity sector.  Oil stocks are priced as if oil will rebound quickly to the $80-$85 range.  If oil stays below $70 then over time these oil stocks should all come down and that will be a buying opportunity. 


Price:
$32.500
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-11 BUY John Stephenson

Light oil. Good company. The real issue is the macro issue. This is the de facto Bakken/south east Saskatchewan player. The dividend is fine. It will be under pressure, but overall, this is a buy.


Price:
$31.880
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on ENERGY
Owned:
Unknown
Showing 1 to 30 of 828 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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