|$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.
Portfolio Manager, Sprott Assett Management