Eric Nuttall's Top Picks: April 2, 2024 [BNN Bloomberg (Canada)]
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: BNN Bloomberg
We remain bullish on the outlook for Canadian energy stocks as we expect oil to trade in a roughly US$70-$80 West Texas Intermediate (WTI) band (assuming no geopolitical risk premium). The addition of new takeaway capacity in 2024 via TMX (Trans Mountain Expansion) and LNG Canada to shrink pricing differentials and rapid debt paydown allow for more and more companies to return more free cashflow incrementally back to shareholders. Despite a 20 per cent rally this year the energy sector oddly remains out-of-favour with energy funds experiencing negative funds flow and investors preferring to chase other sectors trading at much less attractive valuations. We remain optimistic that as the false narratives around a rapid adoption of alternative energies continue to crumble, as can be seen in faltering EV demand or the abandonment of offshore wind projects, that consensus will see what we see. Meaning the demand for oil will continue for many, many years and being able to buy decades
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CPG
News
- Are Investors Undervaluing Crescent Point Energy Corp. (TSE:CPG) By 46%? [Yahoo! Finance]Yahoo! Finance
- 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
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