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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $29.6800 on 2014-11-28

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Date Signal Expert Opinion Price
2014-11-28 DON'T BUY Jason Donville

Big strong name. Great assets, but he is not a big fan of senior management. Their stock issuance is junky. They love capital markets, and he thinks the market is getting fed up with them. Wouldn’t own this.


Price:
$29.680
Subject:
GROWTH & FINANCIALS
Bias:
UNKNOWN
Owned:
No
2014-11-27 BUY Martin Davies

Very large company with good balance sheet, making large acquisitions and using equity offerings to finance it.  This is the only issue he has.  The things they have acquired have been very attractive.  There is a great deal of hedging.  He likes the assets and how they are executing.


Price:
$30.700
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Unknown
2014-11-26 COMMENT Greg Newman

A little bit better than its peers because it went into this oil price decline with a very healthy balance sheet, and are 30% hedged at $93 for 2015. Mechanically, the company is doing really well. Have been growing their production and have the Torque asset which continues to add inventory. However, at $75 oil, the payout ratio goes to 154% and their cash flow per share declined by 18% in 2015 over 2014. Not a low-risk story any more. He owns a little bit.


Price:
$34.000
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
2014-11-24 BUY Peter Brieger

One of his favourites.  He has owned it forever.  One of the premier oil companies in Canada.  They have been skillful in buying acreage that they think is highly prospective and it has turned out to be just that.  They have looked for companies that have similar acreage to acquire.  They are looking at 7600 wells to be recovered through water flood.  The incremental cash flow is attractive.


Price:
$36.040
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-11-21 BUY Michael Sprung

Has reached a valuation where he has started to nibble at it.  Has a very good distribution. Used to depend a lot on their dividend reinvestment plan to finance it, but much less now with their production increasing. They have so much good land position where their future drilling opportunities are quite numerous, and have been very good at executing their strategies. Thinks they will continue to exploit their opportunities in the Bakken and Shaunavon areas. At these levels it is becoming a compelling price for a longer-term investor.


Price:
$36.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-11-19 COMMENT John O'Connell, CFA

He is quite optimistic on the energy space in general, but you always need to be picking good quality companies. Forgetting about the dividend, he likes this company’s growth profile. They have done an extremely good job of executing and growing production, maintaining their costs well, consolidating large areas. They made a very good purchase in the Utica Basin in the US, which a lot of people were very suspicious of, and they proved the critics wrong. His only complaint is that they are serial acquirers of assets. Not necessarily a bad thing, but if they continue to tap the investing landscape in Canada to finance that growth, they have tapped the retail investor one too many times. They need to go down to the US investment bankers and sell their stock to Americans.


Price:
$35.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2014-11-18 HOLD Michael Bowman

None of us really expected oil to go from $115 down to $74-$75. 5 year chart is showing that it has support. Is almost at the low of 2013 and below 2010. This also has a great yield.


Price:
$35.690
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
Yes
2014-11-14 COMMENT Jaime Carrasco

Like this company and is one of his key holdings. It is important to pick the companies that have good balance sheets, good hedging positions and where the dividend is safe. This is probably one of the 1st ones he would add if he sees an appreciation in the price of oil.


Price:
$36.140
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Yes
2014-11-12 COMMENT Brendan Caldwell

Historically they have had to spend money on growing its asset base, property, plant and equipment and sustaining a pretty robust dividend. This decline in energy prices is going to test its ability to do both things. They have been able to do this by issuing new equity into the market. He questions if this is going to still be doable with the low energy prices. Consider looking for yield in other areas.


Price:
$36.350
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Unknown
2014-11-11 WAIT Christine Poole

Feels the dividend is safe. They tend to hedge out part of their production to ensure that they can pay the dividend as well as fund their CapX. She is not actively looking to add to energy right now. She'd like to see crude oil prices stabilize. There are a few events happening at the end of this month, which will give her an idea of what OPEC tends to do. Also, there will start to be some draw downs in inventories when refineries come back up for the winter season. Also, believes Libya is ramping down somewhat.


Price:
$36.380
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-11-07 TOP PICK Michael Decter

Outstanding CEO. Likes the management team. Just reported and they are through 140,000 barrels a day. Dividend of 7.46%, which he believes is sustainable. Have done a lot of tuck-under acquisitions and thinks they will do more organic growth. Have pretty good core areas. They own their own infrastructure, so they own rail terminals and are shipping more than half of the oil they produce by rail to very specific refineries, where they get a good price.


Price:
$36.810
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-11-06 COMMENT Mason Granger

Baytex (BTE-T) or Crescent Point (CPG-T)? He owns both considers both of them as core holdings. This is a light oil producer with a huge depth of inventory. This is a company that just never misses its numbers.


Price:
$36.100
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2014-11-04 BUY on WEAKNESS Prakash Hariharan

One of the pioneers in horizontal drilling and multiple fracing, and were one of the biggest players. If oil continues to stay weak, below $80, a lot of companies will be looking at cutting their distributions by 15%-20%. Thinks the dividend yield for this company is sustainable. Would buy any time the price is below $35.


Price:
$35.330
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2014-11-03 BUY on WEAKNESS Norman Levine

Owns it for income.  It has good quality assets. Dividend is well covered by cash flow even at current oil prices.  There is no rush to buy a new position until oil prices go up again.


Price:
$36.440
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-10-29 COMMENT John Stephenson

Baytex (BTE-T) or Crescent Point (CPG-T).  Given his belief that oil is going to be in the middling range, you can probably put off your decision to Buy energy stocks for a few months. There is no urgency. If you are looking at a short-term horizon, 6 months or so, Baytex is probably the better one, because it is the heavy oil story. If looking at the balance sheet, debt to cash flow metrics, this one does stand up better. If he had to make a call, he would say Baytex because it has been less disappointing.


Price:
$37.010
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH
Owned:
No
2014-10-29 BUY Don Lato

A great oil/gas company. This would be in the basket of high quality companies that you would want to gravitate back to. Have had tremendous success. Sort of stalled in the last year or so. Pays a nice dividend. Has some great exploration projects. A little more highly skewed to oil than what he would like.


Price:
$37.010
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2014-10-28 COMMENT Brooke Thackray

Suncor (SU-T) or Crescent Point (CPG-T)? Two totally different stocks. We might still see oil production pushing down here a little bit, but that will take a little while for it to roll through. He looks at this from a seasonal perspective. If the oil sector really starts to ramp up here, you are going to get more bang for your buck out of Crescent Point. Because the energy sector is out of its seasonal period, he would be going with a more defensive oil play, which is Suncor.


Price:
$37.680
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
Unknown
2014-10-27 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

People are selling because they worry about sustainability of the dividend.  But you should be buying these when they are weak.  You should be more defensive when things are looking good.  You need to re-frame your thinking since that is not the case.  Oil will be volatile for the next year.


Price:
$37.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-10-27 PAST TOP PICK Peter Brieger

(A Top Pick Oct 21/13. Down 2.31%.) This is a company where you really have to have a 5-10 year view because, in their thinking, they want to be a very major player. They're looking at 150,000-160,000 barrels of oil a day. He thinks it can go to 200,000+. They do this by having a huge inventory of wells that can be drilled for not only primary purposes, but also where they can apply secondary recovery methods. Yield of over 7%.


Price:
$37.100
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
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
Showing 1 to 30 of 764 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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