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Crescent Point Energy Corp. (CPG)

NYSE - NYSE Delayed Price. Currency in USD
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4.96000.0000 (0.00%)
At close: 4:00PM EDT
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  • D
    Dominator
    $BTE.TO conversation
    How inexpensive are energy stocks? In Q1'22 alone, at an oil price that is hedge-able right now, the average name I follow could buy back ~9% of its shares outstanding from free cashflow.

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO
  • D
    Dominator
    $BTE.TO conversation
    Why is there skepticism about OPEC's stated spare capacity? Nigeria is a case in point. Under producing its September quota by ~170,000Bbl/d ($428MM in lost revenue per month)...what are the chances that it will be able to meet rising quota levels in the months ahead???

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO
  • b
    ben j
    $MEG.TO conversation
    I can’t wait for earning next week! Exciting time for energy stocks $bte, $su, $meg, $cpg $wcp
  • S
    Shake n' Bake
    reading the last quarter release, it noted that CPG had 40% hedged at $66CAD in the 2H so am I correct in thinking that they are leaving a lot of money on the table due to these hedges? what are some of the other oil companies with lower hedge positions?
  • S
    SANDOR
    big players, like JPM, GS, MS, shorting the sector to buy up cheap before big earnings runup. they know, that most oil companies will report stellar earnings.
  • B
    Barton
    If I were CPG I would do a 2 or 3 to 1 reverse stock split. this would still leave plenty of shares for liquidity but bring the price over $10/share which would allow larger funds to aquire the shares of the company as many are restricted from owning shares under $7. Comments?
  • D
    Dominator
    $BTE.TO conversation
    This will be good for Monday. October 16, 20218:04 AM EDTLast Updated 17 hours ago
    Middle East
    Iran's navy thwarts pirate attack on Iranian tanker -report
    Reuters

    1 minute read
    DUBAI, Oct 16 (Reuters) - Iranian naval forces intervened on Saturday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden, Iran's state media reported.

    Pirates in five speedboats attacked the unidentified tanker, but they fled after facing heavy fire from Iran's navy, the state broadcaster IRIB said on its website.

    Iran’s navy has extended its reach in recent years, dispatching vessels to the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirate attacks.

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO
  • D
    Dominator
    $BTE.TO conversation
    As predicted! China is getting colder already!
    https://www.google.ca/amp/s/www.bnnbloomberg.ca/early-freeze-across-china-adds-to-the-nation-s-energy-crisis-1.1667641.amp.html

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO
  • D
    Dominator
    $BTE.TO conversation
    With oil demand (ex-jet fuel) back to pre-COVID levels + the inventory surplus all but eliminated, the oil market's focus should soon turn to the enormous supply challenges ahead: OPEC spare capacity exhaustion, the end of US shale hyper growth, and the end of non-OPEC/US growth.

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO
  • K
    Kermit
    Don't forget when oil was this high CPG was trading at $40. CPG has acquired more assets since then, extremely undervalued.
    Bullish
  • D
    Dominator
    $BTE.TO conversation
    ‘Crazy’ Bets on $200 Oil Invade the Options Market
    Traders are wagering U.S. crude’s rally to a seven-year high is just the beginning, despite a softening global economic expansion

    The bullish trading amounts to a gamble that supply-chain disruptions and regional shortages will keep pushing energy markets higher.
    PHOTO: LUKE SHARRETT/BLOOMBERG NEWS
    By Gunjan Banerji
    Oct. 17, 2021 5:30 am ET

    A roaring trade in bullish crude-oil options says the 2021 energy rally is far from over.

    Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year, but it hasn’t hit $100 since the oil crash of 2014.

    Wagers across the Atlantic are even more aggressive. Some traders are betting Brent crude, the global benchmark, will hit a record high of $200 a barrel by December 2022, according to data from provider QuikStrike. Options give investors the right to buy or sell at a stated price by a certain date. Traders typically use options to make directional bets or to hedge their portfolios.

    The bullish trading amounts to a gamble that supply-chain disruptions and regional shortages will keep pushing energy markets higher, despite a slowing global economic expansion and concerns that higher oil and natural-gas prices will crimp consumer spending. The wagers also show that investors drawn by the small upfront investments and potentially quick payoffs of options trades are piling into energy markets, echoing trades in the stock market this year.

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO
  • d
    doug
    Strange price action. Oil is up and this continues to sink. Lets see.....selling at half book price....produces only light oil at WTI pricing (not subject to WCS $).....no transportation issues....low hedge rate (and getting much lower with Shell Kayboob acreage on board as Shell....like most majors....doesn't hedge). Printing $ at $80 oil. Ok so lets sell when trading at half of book? You know guys....you can make more on the upside with this one than downside if you show a little patience.

    Question is simple....who in their right mind would sell this stock with so much going for it. Suspect the problem is day-traders moving in/out of stock for pennies on the dollar. Management really needs to do a better job attracting institutional investors IMHO.
  • S
    SANDOR
    inventory report Crude: 3.3mm Cush: -2.5mm Dist: -3mm Gas: -3.5mm
    not bad
  • d
    denis
    Investment banks keep dumping their O&EG stocks. Today Canadian banks will follow suit with a unanimous decision to follow Mark Carney, the new Climate Banking activist at the UN, to fund a net-zero banking alliance. The big banks will continue to liquidate their O&EG stocks in Canada. The only way out is for CPG to buy back their stock.
  • D
    Dominator
    $BTE.TO conversation
    OECD inventories are now back to May '18 levels...a time when US shale was growing by over 1.5MM Bbl/d year-over-year. Today? At best ~0.7MM Bbl/d given the need to satisfy investors' new craving for juicy quarterly variable dividends. The road ahead is very different than prior!
    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO $MEG
  • I
    Isaac
    10 dollars by the end of the year
    Bullish
  • C
    Craig
    $SU.TO conversation
    Here is a something to think about when evaluating the management team and BOD at Suncor. Some people are saying that this stock is lagging its peers in the oil sands, others are saying that oil just doesn't have a future. Still others are saying that management team has a solid plan to improve shareholder value. What does the market say about the current value of a $10,000 investment Made on January 2, 2020. If you put that money in $SU:TO today you would have $7,318 (-26.82%), $CVE.TO $12,766(+27.66%), $CPG.TO $13,290 (+32.9%), $CNQ.TO $14,850 (+48.5%), $BTE.TO $24,967 (+149.67%). So, it looks like a pretty common theme here- at least 50% behind everyone else. Either Suncor is not managing the operations of their day to day business properly or, they are not managing the finances of the company properly. Aside from incompetency, there are not many other explanations for this type of share performance that don't include some kind of natural disaster, fraud, or willful malfeasance. The time for a change in direction has passed - it's time for a change in leadership! The opportunity cost of sticking with these guys is way too high. The damage they have caused is about their decisions and not about the business they are "managing".
  • p
    politicalcartoon
    We should be do the pre Earnings Zacks
    Get ready. this $82 oil is Nov. 21.
    4th quarter money.
    Stick to the plan.
    2022 is when CPG turns into a Gold Mine.
  • A
    A
    Today's price action in Canadian oil companies is an example of why companies move to US. This is exactly why Encana after 70 plus years moved drom Canada to US and changed its name in Jan 2020. Their SP has gone from $2 to $40... For some reasons Canada is not investment friendly... What a shame
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