Crescent Point Seems Undervalued [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's acquisition of Montney lands from Spartan Delta last May raised concerns about excess debt. My current analysis suggests that Crescent Point's shares are undervalued, with a potential value of CDN$18. Crescent Point shares may now be a solid long term hold. Once a darling of the stock market, Crescent Point Energy ( NYSE: CPG TSX: CPG:CA ) has seen its share price fall to single digits since it peaked over CDN$45 a share in 2014. Once bitten, twice shy - investors have been cautious about an investment in the company, which had grown by acquisition under then CEO Scott Saxberg, who was replaced by incumbent CEO Craig Bryksa in 2018. Investors applauded the move hoping a more conservative style of leadership might right the ship. But last May, Crescent Point purchased Spartan Delta (SDE:CA) Montney lands for CDN$1.7 billion. Corporate culture is hard to change and once again investors feared excess debt would imperil the company. Of course, the value of res
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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