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Crescent Point Energy Corp. (CPG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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5.83+0.05 (+0.87%)
At close: 4:00PM EST
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  • K
    Karen
    Bloomberg Market Call Top Pick today.

    John Zechner's Top Picks
    John Zechner, chairman and founder of J. Zechner Associate discusses his top picks: Martinrea International Inc., B2Gold, and Crescent Point Energy.
    Crescent Point Energy (CPG TSX)
    Latest purchase $5.50 – Nov/2021
    The last time oil traded in the $75 range, CPG traded in the mid-teens. Since then, new management has consolidated properties and dedicated massive free cash flows to debt reduction and increased dividends.

    Valuations for the energy sector have fallen to multi-decade lows as global investment funds exit the non-renewable energy names and has created a valuation gap that should lead to more industry consolidation, stock buybacks, increased dividends and other ‘shareholder friendly’ moves, even if oil prices slip a bit.
  • S
    SANDOR
    Now OPEC probably have no problem to cut production reasonably.
  • h
    harri
    Hedges looking good right now. Crazy that market was rewarding companies without hedges a month ago. Don’t forget about downside when chasing upside. CPG cheapest stock, with excellent hedges. Should do well.
    Bullish
  • r
    r
    How to manipulate the price of oil, create a covid pandemic in countries we really don't know if it's real.
  • T
    Tatonka
    Another top pick on BNN market call today. Oil and gas outsiders are beginning to see the value here and pile in. This will be a good Christmas for CPG shareholders.
  • r
    robby p
    I sold all my tc energy and Enbridge shares and bought this beauty.
  • r
    robby p
    It has nothing to do with management but those investors who trade on short term profits who are selling as soon as the share price goes up only to buy it cheaper and make more money when it goes up. Eventually money from overvalued tech sector, real estate, bonds will flow in and those shorts will miss out on those huge gains.
  • j
    jacob
    oil got absolutely pumbled last night, was not expecting an open like this! nearly every stock gapped down this morning on open, guess the americans didn’t like missing out on yesterday’s gains
  • W
    Wandering Webb
    Black Friday sale?
  • M
    Mike T
    People are finally starting to realize just how undervalued Cpg is.
    Bullish
  • h
    harri
    We are talking 50 million barrels coming out of the United States, potentially another 50 from our partners. That's 100 million barrels of oil — that is one day's worth of a global demand for crude oil," Schork said.
    This is a joke. Before we know, Oil will be back at 85.
    Bullish
  • S
    SANDOR
    OPEC will cut next week, not only the 400K, but maybe another 400
  • S
    SANDOR
    spr release could cause a backlash, and good for oil price on the long term, because that oil must be filled back, and will keep oil prices higher for longer. no danger here, it's just a hype stirred by Sleepy Joe.
  • d
    doug
    Given the number of Canadian E&P M&A action this year (mostly recently Storm Resources buyout by CNQ) surprised that no one has tried to take out CPG. Excellent metrics....selling at 50% of book value....lots of intrinsic value to unlock by taking CPG out. Time will tell but I suspect the clock is ticking for management to show real progress vice CPG share price appreciation....thats assuming the board is doing their fiduciary duty for shareholders. IMHO.
  • y
    yosef
    Even 50 million coming.
    it's real value is somewhere between $30 to $40 .
  • r
    r
    So the Big Guy is releasing oil from the US Strategic reserves ,the reserves that are there for an emergency for the US and almost half of it is going to China and India.
  • N
    Nenad
    Crescent Point anticipates its 2022 annual program, along with the recently increased dividend, will be fully funded at a low oil price of approximately US$40/bbl WTI. Assuming US$75/bbl WTI, this budget is expected to generate significant excess cash flow of
    approximately $925 million, after dividends, providing the opportunity to create further shareholder value.

    The Company is currently prioritizing its balance sheet with its excess cash flow allocation and expects to achieve 1.0 times net debt to adjusted funds flow in early 2022 based on current forward strip commodity prices.

    So buy backs in early 2022. Maybe.
  • S
    SANDOR
    another crude build of 2.3M. A draw of 900K expected. Hope EIA report tomorrow will be better, otherwise.....
  • S
    SANDOR
    back above $5US this week?
  • C
    Chris
    According to Q3 this company has 45% of its oil hedged, that seems a bit high as most other OG companies are thinking oil prices will remain at current levels and are thus decreasing their hedge positions, CPG seems very bearish for this market.
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