Crescent Point Energy Corp (CPG.TO) Buy, Sell…

Crescent Point Energy Corp (CPG.TO)

11.72

-0.04 (0.34%)

as of May 14, 2024, 8:00:00 pm Market Open.

802 watching

BUY

An oily trust. Has been making add-on acquisitions. Management has been good at this and it is showing growth. Longer term, his concern would be that, as it makes more acquisitions, it would be harder for it to grow and become more of a maintenance trust.

BUY

Weighted a little bit more are on the gassy side. Continuing to make acquisitions, so the percentage will change. Payout ratio is very comfortable so shouldn't be affected too much by changes in gas prices.

TOP PICK

(A Top Pick Feb 3/06. No change.) Oil weighted. Aggressive management team. Focused on acquisitions in Saskatchewan. 11.1 years reserve life which is better than average. A very good entry point.

BUY

Reserve life is 7/8 years. Likes management which is a very conservative group. Have consolidated in a geographic area and have got to know the area very well. Made some smart acquisitions.

BUY

More of a focus to oil. Core holdings in Saskatchewan and Alberta. Payout ratio of about 67/68%. Excellent management.

BUY ON WEAKNESS

Oil weighted. The reserve life index has been moved from 8 years to over 11 years. Have done a great job of acquiring properties and growing their reserve life.

TOP PICK

One of the steady Eddies in the oil/gas trust business. Making 2000/3000 BOE acquisitions. Good technical team. Trades at a discount to the market.

WEAK BUY

Crescent PointEnergy Trust (CPG.UN-T) and Bonavista Energy Trust (BNP.UN-T) are his 2 favourite income trusts. Extremely well run businesses. Great upside. His problem is that because of the trust structure with the declining asset base, it has a very different profile than a regular type of investment. Getting expensive and would like them when oil is $35.

BUY

Long term positive on light/sweet oil such as this one, Arc Energy (AET.UN-T) and Enerplus (ERF.UN-T).

TRADE

Expensive. Qualitatively managed.

WAIT

One of the very few trusts that has the ability to grow their reserve base within their internal asset base. Very worried about the oil price coming off, so this is one he would buy if oil came down to $30.

BUY

Likes it the most of the oil trusts.

BUY

Has a sector outperform recommendation on it. Trading at 100% of its implied net asset value. Reserve life of 5.1 years. Distributions should continue at the current rate.

HOLD

Favorable towards this stock although on weaker oil prices, it is more levered to oil and could have some weakness. Has a sector outperform.

BUY

A good entry point.

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Crescent Point Energy Corp (CPG.TO)