Crescent Point Energy Corp (CPG.TO)

Overhang was always inventory depth, but they've been acquiring. Now they have 15+ years of Tier-1 quality inventory. At 25%, second-highest free cashflow yield of companies he follows. Yield is 3.69%.

Solid execution last quarter. Cashflows beat by 4%. Lower valuation of 3.0x than peers at 3.9x. More indebted balance sheet, but it doesn't matter with oil prices where they are. Pretty nice production and EPS growth. Energy is under owned, and oil price is being manipulated higher, so this one can do well.

Quality company. Right-sized the ship, doing the right things. His view on natural gas and oil is positive. Transition to renewables will take longer than expected. Nat gas is volatile, but companies are focused on debt repayment rather than drilling at all costs, so they can weather those storms.

Very inexpensive on a fundamental basis. 
Paying down debt, re-structuring assets.
Returning cash to shareholders.
Trading at 3x operating cash flow @ current strip price.
Believes oil prices heading higher.
Financial markets weighing on price of oil - but will pass. 
Cheap valuation + dividends will slowly provide value over the years.

Have good shareholder returns around 11% and cheap compared to peers, 4.4x vs. 3.3x and boasts production growth at 16%, with some cah flow. They're paying you to wait with their dividend. Longer term this is a go-to Canadian oil name.

CPG is not our favourite, but is certainly cheap and offers a good dividend and growth potential. The balance sheet is in much stronger shape than prior cycles, and it is one of the few in the sector expected to grow this year (with acquisitions offsetting lower pricing). Special dividends (small) will likely continue. We think it would be fine to own.
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Powerful balance sheet, good dividend yield. Huge upside potential based on FMV. Cheap on price to book. He's sorry for the timing of the recommendation, but sees no reason to sell outside of a year of ennui from trading sideways.

Cheap valuation, high free cashflow, aggressively buying back stock. Downside is inventory depth, but recent acquisition and drilling have rectified this. Can see the allure of this name much more than 3-4 months ago.

This will do well even if WTI oil is at $70. Don't need $80 or $90. Boasts 3-4x operating cash flow and a 15% free cash flow yield. The sector is cheap. Oil prices can go grow higher. CPG stopped growing for the sake of growing, but in recent years has been paying down debt and buying back shares. Did a major acquisition and consolidating their most productive assets.

Good job concentrating their portfolio. Acquisition looks to the future. More profitable to do acquisitions than to drill.

Is now hitting resistance at $10. Its range is $9-10. You can enter, but make it a partial position, considering yesterday's OPEC's oil cuts and Russia. pays a nice dividend.

Concern that company is inventory light.
Duvernay asset better than people believe. 
Tier 2 economics present a good investment case.
~13 years of inventory on Duvernay assets.
Pledging 50% of free cash flow returning to shareholders next year.
Good long term investment.