Crescent Point Energy: I Am Buying For A Possible 80+% Upside To Fair Value [Seeking Alpha]
Crescent Point Energy Corporation Ordinary Shares (Canada) (CPG)
Last crescent point energy corporation ordinary shares (canada) earnings: 3/5 06:30 am
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US:NYSE Investor Relations:
crescentpointenergy.com/invest
Company Research
Source: Seeking Alpha
The company generates a high excess cash flow yielding 13% for 2024 while growing fast and repaying its debt. The production profile is becoming gassier with higher decline rates. Detailed DCF valuation points to a fair price of C$18.66, suggesting an 84% upside, which gives the stock a Strong Buy rating. Investment Thesis Crescent Point Energy ( NYSE: CPG TSX: CPG:CA ) has transitioned after the Hammerhead Energy acquisition and ended up with a premium 20+ years drilling inventory portfolio. The acquisition increased the company's share count and debt, and investors didn't take it well. While most Canadian O&G (Oil and Gas) producers are now deleveraged and focus on returning the capital to shareholders, Crescent needs to focus on debt repayment again. CPG also has a gassier production profile now with 65% liquids production, down from 76%. I don't see it as an issue, as I am equally bullish on gas and oil. The company has strong production growth ahead, targeting 2028 pro
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CPG
News
- Crescent Point Energy (CPG) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Eric Nuttall's Top Picks: April 23, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Here's Why Crescent Point Energy (CPG) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Are Oils-Energy Stocks Lagging Crescent Point Energy (CPG) This Year? [Yahoo! Finance]Yahoo! Finance
- Eric Nuttall's Top Picks: April 2, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
CPG
Earnings
- 2/29/24 - Miss
CPG
Sec Filings
- 4/3/24 - Form 6-K
- 3/20/24 - Form 6-K
- 3/7/24 - Form 6-K
- CPG's page on the SEC website