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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $15.8200 on 2017-01-20

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Date Signal Expert Opinion Price
2017-01-19 HOLD Ross Healy

One of two Canadian oil stocks that he thinks have upside potential.  Definitively hold it if you have it.  He likes this and IMO-N, having upside potential in the oil sector.


Price:
$15.910
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-01-18 COMMENT Peter Hodson

A “go to” stock when oil runs, but in terms of quality names, he just doesn’t put this in the “good quality” category. There are some headwinds against it. He would rather own a company that doesn’t issue stock all the time. Not a bad company, but just not anywhere close to his favourite. (See Top Picks.)


Price:
$16.000
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown
2017-01-18 WAIT Greg Newman

This is becoming a much better name. He is now modelling $58 oil for 2017. Based on that, this is very cheap relative to its peers. Trading at about 6.6X versus its peers at about 8.9X. Its balance sheet has become much better. Payout ratio is about 94%, and it is paying you to wait. Feels this has come off because of concerns that the supply response for US shale has perked up, but also there is a concern of the border tax for Canadian oil producers. Not sure he would buy this quite yet.


Price:
$16.000
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-01-09 WAIT Josef Schachter

They lowered their costs.  They are big in Alberta and Saskatchewan as well as the US.  They were a very good hedger.  Their hedge for Q1 and Q2 will put them in a good position if the price of oil goes down in Q1 and Q2 of this year.  The company is shrinking because of the lack of Cap-X.  They have to build to replace declines.  Buy after an oil price decline.  The market now wants to see them grow by drilling.


Price:
$17.120
Subject:
OIL & GAS
Bias:
BEAR on OIL
Owned:
Unknown
2017-01-05 COMMENT Douglas Kee

This had been hurt. It was poking its head up and was starting to outperform, and then they did an equity issue which hurt them again. He cut his position in half last year. Expects the dividend will come back. As the year goes on, if oil prices stay at the $45-$55 area, the company does a good job at finding oil and bring it on cost effectively. He is going to continue to Hold. It will probably yield between 3% and 4% in dividends.


Price:
$18.000
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-04 COMMENT Craig Porter

Most retail investors don’t like this because it has underperformed for a long time. They have great oil assets in Saskatchewan, and have drilling plays they can drill for the next 20 years. The problem is, they have done a lot of acquisitions. Trading below $20 and should do well in an oil recovery. If you think oil is going back to $60-$70, this is a great company. He likes this.


Price:
$18.160
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-01-04 COMMENT David Baskin

If he were going to own an oil company, this would certainly be on the list. He doesn’t own any oil companies because he believes the market is very likely to be oversupplied again in the short run. There is so much fracing capacity that, when oil prices go down, a supply deficit will quickly turn into a supply surplus. He also has grave doubts about OPEC sticking to its resolution.


Price:
$18.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-29 DON'T BUY Steve Belisle

It needs a lot of capital to maintain its production.  They have to spend a lot of money to stand still and the dividend takes a lot to sustain.  They have built a pretty good foot print and he has to give them credit for that.


Price:
$18.390
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2016-12-23 COMMENT John Zechner

He is not bullish on oils in general, and is underweight. This whole OPEC agreement just doesn’t do it for him. They always cheat. The biggest winner in this, is US shale. This company is probably one of the better valuations in the sector. Costs are down. They have a good land base to drill on going forward. One of the better cash generators, and this is a good valuation. He has taken a little bit of money off the table on this.


Price:
$18.170
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-12-21 BUY Rick Stuchberry

So much depends on how far you think oil can go. He is optimistic and thinks the price is going to go up. If you buy it here, he thinks you can make money. They manufacture oil as opposed to searching for it. It has a good yield. Thinks it is going to go into the low to mid $20s in the next up move, presuming oil goes to $55-$60.


Price:
$18.600
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
UNKNOWN
Owned:
Yes
2016-12-21 COMMENT Michael Sprung

If this company meets all of its expectations, it is not too bad. He sees projections of cash flow somewhere near $5, 2-3 years out. If they achieve that, then you could certainly justify the current valuation. It has always had tremendous properties, of which they have been fairly successful at maturing. However, they continued paying a ridiculous dividend for many, many years, which was largely financed by their DRIP plan. They don’t do that anymore. Trading at over 4X BV, whereas at one time it used to be trading at 2X. Still a bit rich for him.


Price:
$18.600
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2016-12-19 TOP PICK Peter Brieger

There is tremendous positive hidden leverage.  They have an inventory of 8000 wells that will keep them going for 12 years.  They have applied water flood very successfully.  (Analysts’ Target: $23.40).


Price:
$19.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Yes
2016-12-14 COMMENT Christine Poole

All energy companies have restructured to a lower crude oil price. If crude stays in the $55 area, this company should be okay. They’ve raised some equity to fund their CapX program, and are applying some new technology to their oil wells with some positive results. If crude oil stabilizes, the stock price should slowly climb.


Price:
$18.380
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-06 COMMENT Mason Granger

Has been a disappointing performer this year. The bright side is, you have an opportunity to buy this at a valuation that is almost at a historical low. They have an enormous depth of inventory. The well results from their US holdings is very encouraging. They are doing some very novel things in terms of water flood. Have cut drilling times from 8 days to 5 days in a year in the Bakken. Sentiment has been poor for them. This would be a buying opportunity for a long-term holder.


Price:
$17.540
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-12-02 COMMENT David Cockfield

This has been a disappointment. The stock went up to $23-$24, and backed off to the low $20, and then into the high teens. They then came out with a huge equity issue, which absolutely killed the market, and is still sort of recovering from that. He still likes it. One of the best managed intermediate oil companies in Canada. They are in the Bakken area where they can actually produce oil and make money at $50. Close enough to the US where they have good pipeline access. That is going to improve. This would still be his choice in the market. Dividend yield of 2.09%.


Price:
$17.190
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-11-24 DON'T BUY Lorne Steinberg

Had been paying out way too much in distribution to shareholders. People bought it for the dividend, and then the company cut the distribution. At these prices, everybody in that sector is having trouble making money. This is not a low-cost producer. He would recommend that you look for stronger businesses.


Price:
$16.400
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2016-11-21 COMMENT Craig Porter

He just started going through their numbers again, because the company sold off significantly. People used to buy this because of the great dividend, which has now come down to about a 2% yield. Because of that, they lost a lot of dividend type investors. It is unfair to the company, because they are operating within their cash flow. They have great low cost assets in south central Saskatchewan. He likes management. Having come down to $15, he is looking at buying it.


Price:
$16.380
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2016-11-15 WAIT Christine Poole

Has held a very small position in this, but hasn’t been adding to it for the last couple of years. It is going to be predicated on what oil prices do going forward. This, along with the other oil producers, have cut capital spending. They’ve raised some equity to shore up their balance sheet and to make sure they can fund the capital in exploration activities that they want to do.


Price:
$16.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-10 BUY Gerard Ferguson

One of Canada’s largest energy companies, doing a great job of acquisitions.  They are in some very good places.  They are sensitive to the price of oil and they are acquisition-driven.  People worried about the leverage with declining commodity prices, which are now finding a bottom.  They are in the penalty box, but management will work their way through this.  It is probably fairly valued, but could benefit from some macro events coming.


Price:
$14.710
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-11-10 PAST TOP PICK Ryan Bushell

(A Top Pick Nov 10/15. Down 16.48%.) This has been a difficult holding. In commodity purchases, he tries to look at the asset value, and that carrying the day. This company continues to execute flawlessly. In a conventional oil company, you are looking for inventory, and this is a company that has done a good job in amassing a great deal of inventory while maintaining a clean balance sheet. They cut their dividend and said they were going to pursue organic growth, and then did an equity issue in the fall which really caused some management credibility issues. Trading at a discount to peers and has much better asset qualities. There is probably a good margin of safety on this now.


Price:
$14.710
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2016-10-28 DON'T BUY Bruce Campbell (1)

They normally issue for acquisitions that are accretive.  But you always get all this stock coming at you.  They got the message in the spring.  And then in the last little while they issued stock again.  They did it only for the balance sheet but he thinks they shot themselves in the foot.  We need a couple of quarters of decent earnings and cash flow growth. 


Price:
$16.070
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2016-10-26 HOLD Bruce Campbell (2)

(Market Call Minute.) There are others he would prefer.


Price:
$16.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-10-25 COMMENT Colin Stewart

He likes this company. This is a way to get exposure to increasing oil prices. They have a fair bit of leverage to a rising oil price. Recently did an equity financing, which didn’t actually go over that well, which is part of the reason why the stock pulled back. He thinks there is a bit of a catch-up trade here, as investors warm up to this.


Price:
$17.150
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Yes
2016-10-24 COMMENT Peter Brieger

One of the best managed companies in the oil patch. If you see $50 oil prices next year, this is going to do quite well. At $55 oil, it will produce about $125 million in free cash flow, after dividend and after CapX. At $60, which he doesn’t think will happen, you will see as much as $250 million free cash flow. This is really a high-tech company in the sense that they’ve taken the wells they have discovered and have applied a technical approach, water flood #1, which has virtually doubled the output per well, and they are doing some other stuff with liners which also enhances. They have 7000 potential locations, many of which could be applied with water flood. As long as the oil price hangs in, you’ll see a gradual upward trend.


Price:
$17.350
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-21 COMMENT Dennis da Silva

Great asset base. Transitioning into more of being like a senior producer where the growth rate is going to be less. He likes this. Dividend yield of about 2%, and the ability to grow it will improve as oil gets closer to $60-$65.


Price:
$17.470
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2016-10-21 COMMENT Greg Newman

If oil stays over $50, would they increase the dividend? He is modelling $54 oil next year, and this is becoming a really exciting company again. Priced a lot better than its peers. One of the few companies that have had steady production growth over the last 5 years. If you believe oil is going to be above $50, you can own this here. He doesn’t know if they will need to increase their dividend to attract capital.


Price:
$17.470
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-19 COMMENT John Stephenson

An excellent company, but very sensitive to oil prices. It will rally up and down quite hard as crude oil prices move up and down. It has a reputation of being a serial equity issuer, which is justified to a certain degree, but overall it is a good company. There will be a lot of volatility.


Price:
$17.790
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 COMMENT David Baskin

Doesn’t think this will get back to last year’s levels. A great company with great assets, but oil is only worth what oil is worth. In his view, oil can’t go past a certain point now, because of the excess supply that is out there waiting to come into the market, and the number of drilling rigs that can be employed very quickly, which will drive down the cost of the commodity.


Price:
$17.490
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-07 COMMENT Eric Nuttall

As a stock, this is mispriced. It is undervalued. In order for that situation to get rectified, they need people to care. About a month ago, they came to market to do a raise, and the reasons for doing it sounded really, really quite poor. This has tainted the institutional interest. The appetite for the stock is not what it was. It is going to take time.


Price:
$17.710
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on OIL
Owned:
Unknown
2016-10-07 COMMENT David Cockfield

Oil stocks have had a good run, and then got beaten up. He thinks oil is going to go higher, and continues to pick away at this. A well-run company, one of the best run oil companies in Canada. It is into the Bakken area which is relatively cheap oil. Longer-term he thinks the stock is fine.


Price:
$17.710
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
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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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