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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $19.8100 on 2015-08-01

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Date Signal Expert Opinion Price
2015-07-15 COMMENT Bruce Tatters

Exited the majority of his energy exposure about a year ago. You can’t talk about an energy company in Canada without talking about the crude oil price. The US rig count has gone from 1600 down to 650 currently. Even by March it had hit about 825. Even with the massive drop in rig counts, we still haven’t seen production rollover in the US. Expects you have to see it start to rollover before you really ever see a sustained a rally in oil. Be patient and let some more time pass. Keep an eye on the weekly EIA report for production, and watch for an actual decline in production.


Price:
$23.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-07-15 BUY Don Lato

One of the energy names that you can step into. He doesn’t know when the turn is coming in the price of oil, so you have to be very careful if you are going to be in the sector. Stick to high-quality names like this. The yield is very attractive. Even if they have to shave it a little bit, it is not going to be the end of the world.


Price:
$23.100
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-07-14 HOLD Christine Poole

Over 90% of their production is crude oil, and the collapse in oil prices has not helped. A very strong balance sheet. Yielding 12%, which she thinks is safe because they have a very strong hedging program in place. They are notorious for issuing equity. They bought Legacy, which is a good transaction as it consolidates their land base in Saskatchewan. On top of that they issued another 23 million shares at $28.50 and the market questions why they did that issue when they are paying for Legacy transaction in stock. Just did another all stock acquisition. Thinks the selloff has been a bit overdone. There is probably more volatility coming, but over the long-term crude has to be higher than here over the next year or 2.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-13 COMMENT Rick Stuchberry

He owns this for yield. The company is doing all the right things, but the difficulty is that the oil price is going in the wrong direction. They are buying assets at a great price. Great balance sheet. Doesn’t think there is much they can do until energy prices stabilize. Management has stated that they have no intention of cutting the 12% dividend yield.


Price:
$26.070
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-07-13 COMMENT John O'Connell, CFA

From a macro perspective, oil and gas stocks are really trading very, very light right now. This one is suffering from 2 things. First they did a transaction to take over Legacy. It was a smart transaction and helps them consolidate their complete control over the Saskatchewan assets, which are good ones. They financed it through a share exchange ratio, and there have been some risk arbitrage trades, which are putting additional pressure on the company. On top of that they once again issued equity at higher numbers to finance a previous transaction. Have been quite acquisitive recently, which is not a bad thing. The problem is that they are always buying assets and issuing equity. This is very, very dilutive. He is not a big fan although he thinks the dividend is sustainable.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-07-10 COMMENT John Stephenson

This is probably been the best run oil/gas company. 90% oil. Overall, the prospects are very good. Like every energy company it is going to be affected by oil prices. In terms of balance sheet strength and location of the properties, it is a very strong company. Overall, he likes the name, but he is bearish on the industry. He doesn’t see any risk on the 11.5% dividend.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-07-10 WAIT Kash Pashootan

Quite bearish on energy because he thinks there is still more time for the dust to settle. This is one of the higher-quality names. Have hedged their bets, so haven’t been as affected as some of the others. That is not going to last forever. Also, have a large dividend with a yield of about 10.5%, which is a pretty big burden. What is positive is that this is a time when they can leverage their balance sheet.


Price:
$26.070
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
DEFENSIVE
Owned:
No
2015-07-09 DON'T BUY David Burrows

This group is under pressure. A lot of people bought energy over the last several months thinking it is cheap and that oil prices have to move higher. His contention is that with lots of capital available and new technology that is very efficient at finding new energy, it is likely that the price deck is going to stay low for quite some time. Hedge funds, in particular, went double weight this year, and in the last few weeks, have been throwing in the towel. In this company, the risk is that we are trading virtually on the lows and a lot of people owned this for the dividends. If for some reason the company decides they are going to need to cut the dividend, there are a lot of people that are going to sell their stock.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2015-07-07 TOP PICK John Zechner

He is warming up more to the large oil companies, but he wouldn’t call himself a bull on oil. Thinks OPEC is going to draw more of a line in the sand on defending a $60-$70 oil price. That gives him comfort that we are not heading to $30-$40 oil. They hedged forward all this year’s  production at better than $80 a barrel and are now using their balance sheet to make accretive acquisitions. They are buying some of the depressed, distressed juniors. Dividend yield of 10.59%.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2015-07-06 DON'T BUY Norman Levine

He used to own it but no longer does.  The dividend looked safe because of hedging.  But he sold because they can’t continue to hedge out at a price like that. He wonders about the long term safety of the dividend.  They have been making a lot of acquisitions to grow and they kept issuing stock that diluted the stock. They are starting to do that again.


Price:
$25.810
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-07-03 COMMENT Mike S. Newton, CIM FCSI

Hasn’t owned this for about 4 years. Wasn’t a big fan of all the deals they kept doing. He knows there have been some good trading opportunities in this, but he is generally not a big fan of the space. Probably a pretty good value play down here, but he has other things working and has no room in the portfolio for it.


Price:
$25.630
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2015-06-29 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

The December low is going to hold.  He wants to be accumulating for the next 10 percent lower.  Beyond the noise of today, this is a buying opportunity for today.


Price:
$25.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-06-23 WEAK BUY Paul Taylor

It is a very credible management team. Energy may not be where you want to fish right now, but this one is good if your outlook is 3 to 5 years.  This will be one of those survivors in the energy patch.


Price:
$27.280
Subject:
CANADIAN
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-06-22 BUY Michele Robitaille

High dividend yield.  There is a concern in the marketplace about the sustainability of the dividend, although she is comfortable with it.  If oil stayed here or went lower then she would reconsider the dividend sustainability.  She is cautious about stepping into oil plays in a big way, however.


Price:
$26.690
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Yes
2015-06-22 PAST TOP PICK Peter Brieger

(Top Pick May 20/14, Down 34.64%)  He is down because of the oil mess.  He talked to the company extensively and it is one of the best run companies in the country.  It is going to be a true mid to large cap producer.  They acquire land or companies with land.  They keep on issuing equity to pay for acquisitions.  In the latest deal they picked up 700 wells that are conducive to water flood with recover rates of 15-25%.  Despite all the issuance of new shares, you look at the production growth per share and it is positive.


Price:
$26.690
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
Showing 16 to 30 of 881 entries

1 Comment

mylund

December 19th 2013 at 12:44pm

Who would be railing their crude in North America?


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