Viewing Company Crescent Point Energy Corp | StockChase
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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $20.3900 on 2016-08-30

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Date Signal Expert Opinion Price
2016-08-30 PAST TOP PICK Eric Nuttall

(A Top Pick Aug 25/15. Up 71.25%.) At the current price, this is not a Hold, but in the next 2 months it is his intention to Buy below $20. If he can get it in the high $18-low $19, he would buy it aggressively. Thinks this is a $28 stock 2 years out at $65 oil in 2018.


Price:
$20.390
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
2016-08-24 COMMENT Keith Richards

This fell along with the other oils, and now it is starting to build. There are a series of higher highs and higher lows. It looks okay, and as long as the short term trend is not broken and it continues to make higher highs and higher lows, he would Buy it.


Price:
$20.670
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-08-24 COMMENT Michael Sprung

Since they cut their dividend, they are now cash flow positive. This is an extremely well-run oil/gas company. Have been tremendous acquirers of land with great drilling potential. They have drilling potential going out several years. This is only selling at about 6X cash flow. Feels it still has some upside potential. Dividend yield of 1.7%.


Price:
$20.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-07-29 PAST TOP PICK Eric Nuttall

It seems to have found pretty good support @$19.  He believes that the large caps are fairly to overvalued.  CPG-T eliminated the drip.  They have a strong balance sheet and strong hedges.  Below $19 it is a fair buy.


Price:
$19.090
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on ENERGY
Owned:
Yes
2016-07-27 COMMENT Bill Harris, CFA

Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)? Crescent Point and Whitecap are very similar and would be on his list. This company really seems to be hunkering down and trying to work with what they have. Very disciplined. This is the one that he would gravitate towards.


Price:
$18.900
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-07-25 BUY on WEAKNESS Ryan Bushell

Of the Canadian light oil producers, he thinks this is the best on the senior side. Great management team and good operators. The dividend yield has gone down with the recent dividend cut, but he understands that they had to do it. Management runs the company for the long-term. They buy large oil in-place resources that they can exploit over time. This has a very long cash flow stream. We have had a recent run with oil prices and they have dropped off a bit. Oil companies are starting to soften during the summer, which is what is expected. He wants to see it get through the summer and see how the driving season finishes up for demand and inventory. Would look at this and others over the next few months for good entry points.


Price:
$19.010
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Unknown
2016-07-21 HOLD Mason Granger

Rapidly heading towards 200,000 barrels a day of predominantly light oil production. They have a huge amount of inventory running room. Has always had a really good balance sheet. It has a great hedging program that runs out to 3 years. What you have to look forward to is the ongoing progress of instituting water flood across their properties, moderating the decline rate, and making for a sustainable business that will pay you a dividend for years to come.


Price:
$20.070
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-07-18 DON'T BUY Ben Cheng

(Market Call Minute) Wonderful properties, but it is one of the higher cost producers.  As they work down costs they become more of a buy.


Price:
$20.020
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
OPTIMISTIC
Owned:
Unknown
2016-07-12 COMMENT Bruce Campbell (1)

Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? He likes both. This one is 98% oil and 2% gas. Of the 2, he would pick this one.


Price:
$20.680
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-08 TOP PICK David Cockfield

Sold most of his holdings, and recently bought back in. It ran up to $22, and has backed off about 10%. It is still one of the best oil company management teams in Canada. They are not in the oil sands, they are in the Bakken’s. With any kind of upward movement in earnings he sees they will be quick to pay it out in the form of dividends. Dividend yield of 1.8%.


Price:
$19.980
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2016-07-06 BUY John O'Connell, CFA

Has been negative on this for years and years. They finally did all the right things. They cut the dividend and have been shoring up the balance sheet. He was never negative on the way they ran the business, but because they were always buying more assets, raising their dividend, and then raising money. It was the financial engineering he didn’t like. They are not doing that anymore. At around $20 you can buy this.


Price:
$20.290
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
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
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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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