2013-02-11
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| BUY on WEAKNESS | $38.830 | CAUTIOUSLY OPTIMISTIC | OIL & GAS | No |
Switch from Canadian Oil Sands to this? That would be a great move. 100% of Canadian Oil Sands dividend is currently being paid by debt and they have some large CapX requirements for the next couple of years. Thinks fair value for Crescent Point is $42-$43. Would Buy in the $37’s and Sell in the low $40’s.
Eric Nuttall
Portfolio Manager,
Sprott Assett Management