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Compiling comments that experts make about stocks while on public TV.

Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $13.9900 on 2016-02-12

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Date Signal Expert Opinion Price
2016-02-12 COMMENT Jason Mann

Definitely a “go to” name for the Canadian retail space, but would not be his 1st pick for energy. You can get companies cheaper that have better price momentum. Pays a good yield, but that alone is not a good reason to own energy stocks. Reasonably valued, kind of the middle of the pack, but high volatility, negative ROE’s and they don’t make money yet at these oil prices. Would prefer something like Raging River (RRX-T) or Granite Oil (GXO-T). Has a small Short on this. (See Top Picks.)


Price:
$0.000
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2016-02-11 COMMENT Paul Harris, CFA

Much more levered to oil prices than a lot of other companies, so if oil goes up you are going to get a bigger return. He would stick with companies that are more integrated like Suncor (SU-T) that has good balance sheet. Thinks oil will be touching the lower end of the range between $20 and $30 as opposed to going up.


Price:
$13.660
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-02-10 TOP PICK Swanzy Quarshie

She picked this, not only because she thinks oil prices are going to go up, but the business has not been impaired like others in this environment. You want to be exposed to a company that is not going to fall apart, but also has an upside opportunity. Operationally things are going great for them. Decline rates in production are slowly coming down, which means they have to spend less capital. Dividend yield of 8.66%, but wouldn’t be surprised if they cut this again.


Price:
$13.660
Subject:
OIL & GAS
Bias:
OPTIMISTIC on OIL
Owned:
Yes
2016-02-05 DON'T BUY Allan Meyer

They had said their dividend was safe, and then followed that by cutting it. Based on where we are with current oil prices, they may have to cut the dividend again. At these levels they are barely covering their cash costs, and are not able to spend enough money on maintaining their production to capital expenditures.


Price:
$15.150
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
No
2016-02-05 COMMENT Hap (Robert) Sneddon FCSI

In his view this as a bit more of a conservative energy stock. Chart shows a double bottom (August and January), which is quite interesting. That is where the market has seen value. You are probably going to find resistance right where we are right now. This is not a bad place. Dividend yield of 7.9% is a little high.


Price:
$15.150
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2016-02-03 COMMENT Norman Levine

A name he would probably want to own when it is a good time to own energy stocks. For the most part, this company is not in Alberta. Has a decent balance sheet. Cut back on their spending and dividends. A good history of hedging production. They should be a survivor and a name you want to own in the future.


Price:
$14.770
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-02-01 COMMENT Brendan Caldwell

They had always done significant stock issues.  Now that energy prices are a lot lower, they cut their dividend.  It will trade in a range for a while. 


Price:
$14.690
Subject:
CANADIAN VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2016-01-28 WATCH Colin Stewart

The energy sector has been in under a lot of pressure.  This is the time to start doing homework on higher quality companies.  They generate good cash flow and have hedges in place.  The market is forward looking and there is a lot of bad news about oil.  When things swing a long way to one side, he tries to look at the other side.  CPG-T is a good quality name in the space. 


Price:
$14.800
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Unknown
2016-01-25 DON'T BUY Bill Carrigan

You wonder why it has been a favourite when you look at the chart.  We are below the financial crisis low.  There has been a volume increase during 2015.  We have probably had a bottom, but how high is it going to go?  There are better places to go.  It is for traders only.


Price:
$12.780
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2016-01-22 WAIT Michael Simpson, CFA

Crescent Point (CPG-T) or Whitecap (WCP-T)? Hasn’t cut its dividend for a while, and thinks they should cut. Wait until they make a decision on the dividend and look at it after that.


Price:
$13.980
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Yes
2016-01-21 DON'T BUY Greg Newman

At the oil price he models, their dividend is sustainable. Debt to cash flow is pretty reasonable at about 2.2% at $50 oil. However, it is not sustainable at $30 oil. They do have some hedges for 2016-2017 below $40 oil. He doesn’t think any Canadian oil stocks are Buys here. 


Price:
$12.880
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2016-01-20 BUY Douglas Kee

This company has great assets, and they are concentrated which is good. Also, has a good balance sheet. Their yield has gone up. They cut their dividend last year. If oil prices are $30 come the summer, they will likely cut their dividend again. If you have a 2-year horizon with this stock, he thinks you will be in good shape buying it here. He would rather buy when oil is $40 again, knowing that oil has bottomed.


Price:
$12.200
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2016-01-07 BUY Michael Sprung

Owns a little. For years he was a little jaundiced about the company, as they were really depending on their dividend reinvestment program to sustain what was a fairly large discipline. Over the last year or so, they really got religion and have cut back their dividend. Have also got much more disciplined about their capital programs. Recently announced that their forecasted budget for next year was going to be about 40% less then previously announced. On the positive side, this company owns great assets. If prices were better, they could be drilling for many, many years. Now is the time to be looking at this.


Price:
$13.080
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-01-05 DON'T BUY David Baskin

Stock vs. Stock.  BTE-T vs. CPG-T.  He would prefer CPG-T for its assets if a gun was to his head.  It will still be there, but not sure if BTE-T will be around for long.


Price:
$15.510
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-01-04 COMMENT Bruce Campbell (1)

It has a lot of growth coming in production.  If oil stays under $60 for a few more months a lot of their hedges would come off.  The dividend is in question.  It would be one of his favourites if oil did okay.


Price:
$15.710
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2016-01-04 DON'T BUY John Zechner

Now would not be a good time to get into it.  They have a lot of hedges so have done well so far.  Unless you get a really sharp recovery in the oil price, they will have a lot of problems when the hedges roll off.  They already cut the divided.  He is not comfortable with the sector at all.


Price:
$15.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Unknown
2015-12-31 COMMENT Eric Nuttall

His Top holding, and remains a mystery to him because it is materially cheaper than other names with inferior projects, balance sheets and dividend yields. Feels the dividend is safe. People are still hung up on the amount of paper they issued over the past few years. They did so to acquire a lot of properties. Management owns a lot of stock. In terms of quality, this company is in the top 10 in terms of quality in Canada.


Price:
$16.120
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-12-30 COMMENT Norman Levine

Has a bit of this in some accounts. He likes this because it is not in Alberta and has a decent balance sheet. It has cut way back on its capital expenditures as well as its dividend. Not a bad one to own as far as oil stocks go.


Price:
$15.970
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-12-14 DON'T BUY Teal Linde

It is a high quality company, but you have to appreciate that they have a lot of hedges in this year (50%) and only about 30% next year.  He is not sure what the payout ratio will look like next year.


Price:
$14.990
Subject:
NORTH AMERICAN
Bias:
BEARISH
Owned:
Unknown
2015-12-14 PAST TOP PICK Peter Brieger

(A Top Pick Dec 29/14. Down 41.46%.) A fabulous company. They just have to cut their dividend finally. They are now down to $0.10 per month. Have suspended their DRIP. One of the best managed companies in Canada. It will come back, once we get oil stabilizing. He would put new money to work in this one.


Price:
$14.990
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-12-11 WAIT Jaime Carrasco

If you are looking for yield, the current yield is sustainable. Cash flow and production were in line. His company has a $30 target on this. He would be getting ready to add, but would wait a little longer.


Price:
$15.480
Subject:
REITS, RESOURCES & UTILITIES
Bias:
CONTRARIAN
Owned:
Yes
2015-12-07 HOLD Alex Ruus

Near term, he sees short term downside from the commodity price.  They will probably do some more acquisition rollups.  Over time they do well and produce free cash flow.  Over two years you will make money.


Price:
$15.640
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2015-12-01 COMMENT Bill Harris, CFA

In the screen of investable mid-cap companies, this is #1 or #2 out of 5 that he likes. (See comments under Valeant (VET-T).) Still a fairly high valuation with WTI at $42. The nice thing about this is that it is in Saskatchewan and technically the chart looks pretty good. They should’ve cut their dividend to zero. This is generally a decent play on oil. He is looking at this one very closely.


Price:
$17.930
Subject:
RESOURCE
Bias:
CAUTIOUS
Owned:
No
2015-11-23 BUY Bruce Campbell (1)

6% dividend, Saskatchewan and Utah development.  They have stopped diluting the momentum.  It would be a lot of analysts’ favourite oil, including his.  He sees a 50% gain.


Price:
$17.300
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-11-20 TOP PICK Eric Nuttall

If you want energy or oil exposure, this is a name that will be a primary beneficiary. When people want a play in the recovery of an oil price, they will sell the Suncors and buy this. Trading at around 6.3-6.4 times cash flow, using $55 oil. If he is wrong in his timing of an oil recovery, they have a fairly decent hedge position for 2016 and financial leverage that is well below average. Dividend yield of about 7.08%.


Price:
$16.870
Subject:
CANADIAN SMALL & ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-11-11 BUY Martin Davies

He likes the company. Cut their dividend down to $0.10 a share, which was the right thing to do. They were punished for this initially, but in the long run they will be rewarded because of the sustainability of the company. A great deal of their production is on very low decline long life assets through the use of water floods. Most assets are in Saskatchewan. A good place to be.


Price:
$17.610
Subject:
Canadian Energy/Service
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-11-10 TOP PICK Ryan Bushell

A solid, conservative producer. 6.5% dividend yield even after the dividend cut. This is a company that competes in this environment. They are well hedged through next year with over 33% of volumes hedged over $80 a barrel.


Price:
$18.290
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2015-11-05 COMMENT Greg Newman

Have really done a good job playing catch-up with the market. Their balance sheet is improving. They are profitable with oil down at these levels. If you are constructive on oil, this is not the 1st name he would be going to.


Price:
$18.580
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
No
2015-11-04 COMMENT Lyle Stein

They have cut their dividend once. They need $1.9-$2 billion a year to sustain production. At current oil prices, with or hedges in place, they are at that level. Ultimately this is a capital recycling story and capital recycling stories shouldn’t have dividends at the 6.5% level. Sold his holdings midyear. (See Top Picks.)


Price:
$19.010
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2015-11-02 SELL David Burrows

You don’t need to own this right now.  There is a mountain of shareholders underwater just waiting to get their money back.  Take the loss and move on.


Price:
$18.310
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Unknown
2015-11-02 COMMENT Zachary Curry

This has been beaten down along with all the other oil names. Generally speaking this is a positive. One of the better names in terms of growth. His biggest issue is that they tended to issue equity fairly often. They may not be doing that right now, but when times get better that could continue. That creates a big dilution.


Price:
$18.310
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-10-28 COMMENT Mike S. Newton, CIM FCSI

Had been a core holding of his for quite some time and an example of where Stops worked quite nicely. It was very encouraging to see a good move on this today. Cyclicals can be a really frustrating round-trip for a lot of people, so he tends to shy away from these.


Price:
$18.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2015-10-27 COMMENT Don Lato

This is not something that he has owned. Thinks it is pretty fair at these valuations. Trading at about 4X cash flow. However, this is a company that has lived by acquisition, rather than through the drill bit. He prefers to own companies whose future is tied to the drill bit and what they can do in that area. Prefers Tourmaline (TOU-T) and Parex(PXT-T), which he feels are better alternatives.


Price:
$17.480
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2015-10-26 SELL Brian Acker, CA

$0.43 is the model price.  The dividend is not sustainable.  Mean losses extend out to 2 years.  We had a bounce, but fundamentals are against you here.  They will have to be a further cut to the distribution.  He sees more downside. 


Price:
$17.880
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2015-10-26 PAST TOP PICK Peter Brieger

(A Top Pick Aug 25/14. Down 55.6%.) One of the best managed oil/gas companies in Canada. Have built up an inventory of 7500 wells, most of which are conducive to water flood stimulation. This takes recovery rates from 15% up to 25%.


Price:
$17.880
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-10-23 PAST TOP PICK David Cockfield

(A Top Pick Dec 5/14. Down 26.04%.) One of the oil stocks he held onto, and feels it is one of the stronger players out there. They are in Saskatchewan in the Balkans. Feels they will do all right.


Price:
$18.210
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Yes
2015-10-22 PAST TOP PICK Michael Decter

(Top Pick Nov 7/14, Down 45.45%) He has owned it for a long time.  He likes management a lot.  It is his only producing company.  They are using this downturn to dramatically grow the company by making acquisitions.  He believes someone will eventually buy the company.  He doesn’t want to sell it and then have someone put in a takeover bid 50% higher the next day.  When it comes back it will do so quite quickly.


Price:
$18.460
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2015-10-22 COMMENT Eric Nuttall

One of the few oil names that isn’t reflecting a much higher oil price, so he was adding to it today. This could be a $20 stock if he is right on the price of oil. Using $55, it is trading around 6.9X next year’s enterprise value to cash flow. Other names are higher. The business model is superior to a lot of those other companies. The dividend is sustainable to around $52-$53 oil, where he thinks oil is going to rally to next year.


Price:
$18.460
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-10-14 COMMENT Barry Schwartz

It is neither a buy, nor a sell because he does not own energy or resource companies going forward.  He does not know what the price of oil is going to be.  Nothing can be trusted in this environment.  Companies have no control over the price of commodities and yet pay out 100 percent of their cash flow.


Price:
$19.740
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-10-08 PAST TOP PICK Douglas Kee

(Top Pick Sep 4/14, Down 47.56%)  They are well managed and have done the right things.  They cut CAP-X and their dividend as well as costs. 


Price:
$20.460
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2015-10-07 TOP PICK Bill Bonner

They were correct to reduce the dividend.  It has great oil leverage and is in Saskatchewan where there will be no NDP fall out regarding royalties.  When the market comes back, this one will go very quickly. 


Price:
$19.860
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-10-05 DON'T BUY John O'Connell, CFA

He has never been a fan because of the high dividend payout.  You invest in it and they give you back your capital and you have to pay tax on it.  Oil prices can’t stay down here that much longer.  It is not sustainable.  The best cure for low prices is low prices.


Price:
$17.610
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2015-10-02 WATCH Prakash Hariharan

Has probably been one of the best light oil producers.  It almost feels like a value proposition.  The quality of dividends is not good, though, as they cut back on it.  The operating numbers look pretty good.  You get into the tax loss selling in December and you realize you should be waiting until January to look at it.


Price:
$16.530
Subject:
GLOBAL EQUITIES & DIVIDEND PAYING STOCKS
Bias:
UNKNOWN
Owned:
Unknown
2015-10-01 DON'T BUY Norman Levine

He was worried that the dividend would not be sustainable.  They locked in hedging at $90, but then pricing did not come back and so dividends were not sustainable.  He would not own a commodity stock for the dividend. 


Price:
$15.460
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2015-09-25 COMMENT Dennis Da Silva

A name that was painful to be in earlier this year until they did their cut in August. There has been a relatively good response since then. A great light oil, high margin producer focused in Saskatchewan. Balance sheet has been right sized with a cut in the dividend. He thinks they can maintain a 100% payout. If oil stays where it is for another 6-9 months, everyone will be susceptible to having to make some cuts. One of the “go to” names if you are looking for a large, liquid light oil producer that can give you some upside. Fairly well hedged at about 35% in 2016, near the $85 US per barrel range.


Price:
$15.520
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
Yes
2015-09-24 DON'T BUY David Baskin

It may only be a matter of time until the dividend goes to zero.  People were chasing yield at their peril.  As oil prices came down, so had the dividend to.  It is only a matter of time before they cut it again.


Price:
$15.600
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY OPTIMISTIC
Owned:
No
2015-09-21 HOLD Jeff Young

A high quality company that cut their dividend like many of them have.  They will move along with oil prices and they will keep their balance sheet strong throughout, even if it requires a dividend cut.


Price:
$17.550
Subject:
CANADIAN DIVIDEND
Bias:
SELECTIVE
Owned:
Unknown
2015-09-18 COMMENT Mohsin Bashir

A lot of these heavy income names have taken a tumble. You are looking at a forward price to cash valuation of 4X. Ultra, ultra cheap. Management historically has serially issued equity to be able to pay out dividends. Now they are using existing cash flow. Cash flow is still very healthy. They are probably going to be able to ride out the energy problem better. If there is a recovery in oil, this will rebound much faster than others. Excellent assets with light oil exposure. Dividend yield of 7%.


Price:
$17.040
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-09-17 SELL Kash Pashootan

He is negative on the oil space as a whole and thinks there are more chips to fall.  He wants to wait until he has more conviction.  They have done everything they said they would not do.  It is not too late to be trimming this.  If it is the only oil you own, then you could hold it.


Price:
$17.300
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Unknown
2015-09-11 HOLD Steve DiGregorio

In energy he has everything in one of 3 buckets. 1) The “highly leveraged” names with very poor balance sheets and the potential to go bankrupt. 2) “Highly leveraged” names, that in a $30 environment would be highly levered on a cash flow multiple. 3) Solid balance sheets. This company straddles the 2nd and 3rd buckets. Balance sheet is okay, NETBACKS are some of the best in the industry, it is light oil. In a $40-$50 oil range, this company is fine. Have a good hedging program and the dividend has already been cut. One of the knocks is that they are a serial issuer of equity, and we are not going to see that at any time at these levels.


Price:
$16.550
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH on DIVIDEND STOCKS
Owned:
Unknown
2015-09-09 WAIT Christine Poole

She owned it for a number of years.  They finally cut their dividend.  She is not buying energy right now.  She is not buying it for new clients.  Refineries shut down in the fall for maintenance.  Inventories are high right now.  She would wait for some stabilization in crude prices and to see some declining supplies.


Price:
$16.380
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC on US ECONOMY
Owned:
Yes
2015-09-04 DON'T BUY Don Vialoux

Oily stocks tend not to do too well this time of year. Their period of seasonal strength is actually from January right through until May. We are currently outside of the period of seasonal strength.


Price:
$16.620
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
Unknown
2015-09-04 COMMENT David Cockfield

This is one of the oils he decided to retain, mainly because it is so diversified. It is not in Alberta, but is in Saskatchewan. One of the best managements going. The bounce lately is at the bottom. He is quite sure this is a company that will survive this whole low oil price period. Not a bad buy if you want some income as well.


Price:
$16.620
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2015-09-02 TOP PICK Swanzy Quarshie

Div $0.10 yield 7.48% Recently cut it's dividend in half. She is happy with this, since it doesn't really help with growth.  Feels that it is good that they rationalized the dividend/payout ratios. Great assets.  A good management team as well. It's at a very very low level, so now is the time to buy. They added at $13 or so.


Price:
$16.150
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
Yes
2015-09-01 HOLD Michael Sprung

Reducing the dividend was a wise move in this environment. This is one of the better managed companies with one of the greatest areas to develop in terms of the number of drilling opportunities they have going forward. Very efficient operators. Thinks the dividend, for the time being, is fairly safely covered. Would not be selling, but if anything, would be looking at it as an opportunity.


Price:
$16.090
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-31 COMMENT Rick Stuchberry

There is not much more this company can do on the operating side. It has been a spectacular operator. Has reduced its cost by 25%. This is a commodity problem in this company is getting clobbered because the oil price is down. They are low cost producers compared to a lot of others.


Price:
$16.880
Subject:
CANADIAN LARGE & ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-28 COMMENT John O'Connell, CFA

Thinks the street would say this company is pretty cheap right now. He has consistently had a number of quarrels with this company. They are growing like stink and it is a very well-managed company. The problem is that they are paying out a dividend. You invest $10, and it pays you back $0.60 every year, but you have to pay tax on it. Then they dilute you down by selling new shares to buy more and more great opportunities down the road. Doesn’t like the dividend paying model. Institutional investors are very, very nervous about buying these types of companies, because if prices stay down for a while longer the hedges all roll off next year and it is a disaster. They have a lot of debt.


Price:
$15.330
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-08-27 PAST TOP PICK Stan Wong

(A Top Pick July 23/14. Down 63.93%.) Sold out of this. Doesn’t have a lot of conviction that oil prices are going to rebound. Still likes the company and will probably own it at some point, but for the time being he has rotated out of this into different names.


Price:
$14.740
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-25 TOP PICK Eric Nuttall

The most mispriced oil/gas stock in Canada that he can find. Their proved reserves can produce oil for 10 years. At $55 oil, it is trading at 5.5X its total corporate value relative to cash flow. That means you are getting part of the proved reserves for free, their probable reserves for free and all of their own booked inventory for free. It has never traded as cheaply as it has today. Eliminated people’s major concerns and cut the dividend so it is right sized. He has it being sustainable at about $50-$55 or higher. The cash flow is around 2.5X. Eliminated their DRIP so there is no dilution. Dividend yield of 9.02%.


Price:
$12.790
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
BULLISH on OIL
Owned:
Yes
2015-08-24 COMMENT Larry Berman CFA, CMT, CTA

This is in panic mode. Maybe it gets cheaper still. People are liquidating wholesale, and that is always when you want to be buying.


Price:
$12.650
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
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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