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Crescent Point Energy Corp. (CPG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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7.69-0.31 (-3.87%)
At close: 04:00PM EST
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  • R
    Robert
    I'm not into technicals, can anyone that is please comment on the levels of resistance you see for the share price? Do you think that's what's happening after the last big run up or is it other market factors? Looking for opinions here.
  • R
    Robert
    I was expecting a stronger start to the day. Anyone have any insight? Oil price is up significantly, it's the first time in a while we haven't had a good day when oil is up more than 1%
  • S
    SANDOR
    CPG is doing good compared to some other stocks. Used to fall 5% on a day like this
  • s
    sam
    guys buy on any dips!!! we are heading for $100 oil this year.

    oil stocks are strong and will continue to rise as oil is going to be scarce in the coming months. i think we will hit $10 in Feb!! $15 by end of 2022!! lets goooo
  • S
    Sat
    I’ve tripled my TFSA since pandemic lows. I will continue to add more CPG. The Albertan way.
    Bullish
  • P
    Peter
    Definitely interest rate fears hurting market but this will level off
  • P
    Peter
    Its a buying time, our stock is solid..techs arent
  • P
    Peter
    Don't panic, let them play, company is strong earnings will be fantastic with oil at these levels and dividend will grow bringing all sorts of buying
  • S
    Sunny
    With the oil price in around $50, CPG.TO will already be in cash flow accretive in 2022. With the oil price staying in the high $70s or low &80s level, the cash flow will be remarkable. If the bullish outlook for oil capitalizes, this will be a real cash cow.

    As a result, it is expected that the debt will likely be cut in half in 2022. With the increase in dividend and the shares buyback in place, the runway will be long and exciting in 2022.

    Key takeaways: while it did started the year with a 10% surge, it is just the very beginning of what you should anticipated in 2022. All the recent upgrade in target prices provide you a consistent picture of what to expect. Thus, including CPG.TO in your 2022 portfolio is a no brainer. 🚀
    GLTA!!!
    Bullish
  • D
    Derek
    Blows my mind how CPG last quarter was almost double what vermillions was and yet the share price is half of vermillions. I know it's 2 different companies etc but still. CPG is in way better standing and should be past vermillion in share price.
  • A
    Assem
    More reports coming out expecting oil price to exceed $120/barrel in 2022. What could be the impact on CPG sp if it happens?
  • C
    C. Craig
    Strong buy recommendation from Zacks Investment Advisery this morning (1/19/22). Oil has been steadily rising which should boost the upcoming earnings, too.
  • S
    SANDOR
    He's alone with this

    Crescent Point And Enerplus Downgraded at Scotiabank
    10:04 AM EST, 01/13/2022 (MT Newswires) -- Crescent Point Energy Corp. (CPG.TO) and Enerplus Corp. (ERF.TO) were downgraded to Sector Perform from Sector Outperform at Scotiabank on Thursday.

    Analyst Jason Bouvier raised his price target on CPG to $8.50 from $7.50, and on ERF to $16 from $15.

    Bouvier said the changes follow an update to Scotiabank's commodity price forecasts and company estimates.

    "In the near term, we see global oil supply exceeding demand in H1/22," the analyst said in a note to clients. "It is our view that the OPEC plus alliance will need to revisit their current production agreement of increasing supply by 400 mbbl/d a month through 2022."

    "We are revising down our 2022 Henry Hub (North American Natural Gas) estimate to US$3.75/ mmBtu, while maintaining our medium and long-term forecasts," Bouvier said.

    "We remain cautiously optimistic that the tumultuous times on the NGTL system are in the past and expect the AECO differential to approximate the marginal cost of out-of-basin transportation for the next few years - though we continue to caution that NGTL system dynamics are always an adventure."
  • T
    Treasure Finder
    I’m pretty sure that this stock will fly to the moon .🛫🛫🛫
  • y
    yosef
    We have to be patient , very patient
    Eventually will get to the right path
  • S
    SANDOR
    downgraded by Scotiabank? Jason Bouvier downgraded CPG with a pt of $8.50 CAN . Lot of fun, yesterday buy, today downgrade.
  • C
    Chris
    Kaybob Duvernay- CPG bought it from Shell for $900mil ($700 mil cash and 50 mil shares). I'm not sure the status of Shells shares (if they sold them or held) but the cash portion should have been paid in full at the end of Q4. This site will be generating net income of $300 mil annually @ $70 WTI which means this will pay for itself in 2.5 years, and with no debt! What a great asset, big thumbs up if you agree!
    Bullish
  • U
    UncleRemus
    Any predictions for tomorrow I would love it if we buy xto assets in fox creek
  • D
    Daniel
    Ouch
  • S
    SANDOR
    often when oil is up and stocks down oil will drop the next day. big players know that and stay on the sideline or sell the morning rally, but don't listen to me :-)
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