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Crescent Point Energy Corp Stock Symbol: CPG-T

Last Price Recorded: $19.1200 on 2015-07-29

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Date Signal Expert Opinion Price
2015-06-09 HOLD Christine Poole

The company did an equity issue to buy Legacy a couple of weeks ago. Got it at a good price and it is going to be a good acquisition for them longer-term. The company has cut capital spending. Have a very good hedging position this year. Dividend yield of 10.2%, and they would rather cut capital spending rather than cut the dividend.


Price:
$27.130
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-06-08 WEAK BUY Eric Nuttall

Raised $600 Million a week or two ago to fund an acquisition, which he likes.  He likes CPG-T.  If we get to $60 oil it could be a $30-$32 stock.  People don’t like the sustainability of the dividend.  They were at 135% payout, but after this acquisition it lowers the payout by about 10 points.  Their dividend should be seen as more sustainable.  He doesn’t see the dividend being cut. 


Price:
$26.490
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 COMMENT Michael Sprung

There have been a number of moving parts lately. Just acquired Legacy, which was a big acquisition. In order to do so, they had to raise capital, which increased debt to cash flow to around 3.4 times. Also, increased their payout ratio to over 100%. They are not earning their dividend, so are depending again on their DRIP program. Yield of around 10%, is usually a worrying sign. He is not adding to his position, but is watching it carefully.


Price:
$26.490
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-06-04 COMMENT Mike S. Newton, CIM FCSI

Recently did a new issue again. They are very busy, and he applauds them on how busy they are. Their balance sheet is pretty strong and they have the flexibility to maintain that dividend. But they absolutely have to have the oil price recover, and he doesn’t believe that will happen.


Price:
$27.330
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No
2015-06-03 COMMENT Alex Ruus

On this one, you really have to have an outlook on where you think oil is going. If you are bullish on oil, this is one of the plays to own. A dominant producer in the Bakken in Saskatchewan. Recently acquired Legacy, which had good assets that were complementary to this company’s holdings. He sees oil in the next 6 months as flat to slightly down, but as we go into next year it should start to rise. This would be one of the positions he would be comfortable owning here.


Price:
$28.030
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2015-06-01 HOLD Peter Hodson

He has always had a problem with them constantly issuing equity.  He would prefer a company that didn’t need to do it.  The Legacy acquisition is okay.  He likes them more now than last year because more of their assets are outside of Alberta.  If the cycle turns, the acquisition will look really good.  Don’t worry about the dividend.


Price:
$28.030
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH on SMALL CAPS
Owned:
Unknown
2015-06-01 TOP PICK Bruce Campbell (1)

Acquired Legacy (LEG-T) and had to assume some debt to do some equity. In a sense that is the kiss of death for some people, but this is an accretive acquisition and you didn’t want them to do it for all debt. The equity issue is at $28.50 and the stock is still $.50 underwater. Thinks that at around $28 with a 2.76% dividend, it gives you almost a 10% yield. If it goes back to where it was 2 days before the acquisition, the stock will be up 10 from here and with a 10% dividend, $31 a year from now gives you a 20% return. Yield of 9.85%.


Price:
$28.030
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-05-27 COMMENT Bill Bonner

The behaviour in the market today would suggest that the financing they did didn’t go as smoothly as what they had hoped. Just acquired Legacy (LEG-T), which was a name that he liked once. As time marched on, their balance sheet just overcame all the upside. Crescent Point is getting some outstanding assets. This is one of the best Saskatchewan operators, but he prefers others.


Price:
$28.190
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
No
2015-05-26 COMMENT Norman Levine

This is a serial acquirer and issuer of shares. This works great for investment bankers, but not as great for shareholders over time. They have had a tendency of buying in areas that are contiguous where they already have operations. He liked them when they were not buying and issuing shares. Recently sold his holdings.


Price:
$29.820
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-05-19 DON'T BUY Brian Acker, CA

His model price is $5.62. They are paying out $2.76. Earnings for 2015 is a negative $0.10 and a negative $0.09 for 2016. Yield is 9.41%.


Price:
$28.750
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-05-14 HOLD Allan Meyer

One of the best managed companies out there.  They do a recycle ratio that is very good (money put into the ground and oil coming back out).  He likes it and has a bit in some accounts.


Price:
$29.430
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-13 COMMENT Michael Decter

This is his largest energy holding. The CEO is one of the strongest entrepreneurs in the energy patch. A lot of the assets they have include a lot of production in Saskatchewan, which hasn’t had a change in government. Also, in Utah and North Dakota. This is a very good company to be in. The dividend is sustainable.


Price:
$29.620
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 COMMENT David Baskin

Have terrific properties in Western Canada. Produce very high quality crude and are a fairly low cost producer. Like everybody else in the energy field, they are a price taker. They don’t get to determine what the price for their commodity is going to be. His vision is that we are going to see energy prices drop fairly sharply from their current level. Because of this, he is not buying any energy companies at the moment and doesn’t own any.


Price:
$29.300
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-05-11 TOP PICK Ryan Bushell

(Top Pick Jun 5/14, Down 27.26%) It has held up okay considering the sector.  They did not cut the dividend in 2008 and aren’t considering cutting it now.  They are run very conservatively.  They are a low cost producer.  They have a deep asset inventory.  Only 6% of production is in Alberta.  9.18% dividend.


Price:
$29.880
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
CAUTIOUS
Owned:
Yes
2015-05-06 BUY John Stephenson

A great company. When you look at the oil/gas space, this is a company that has rarely if ever missed their earnings or their production. They also have some of the best assets around. This is a good time to be adding to this name.


Price:
$30.740
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
Showing 31 to 45 of 876 entries

1 Comment

mylund

December 19th 2013 at 12:44pm

Who would be railing their crude in North America?


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