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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (66894)	10/19/2019 10:53:49 AM
From: Goose94	Read Replies (1) of 202372

Crescent Point Energy (CPG-T) top pick from John Zechner on BNN.ca Market Call 2nite Friday 18th @ 1800ET Crescent Point’s new management is now focused on consolidating production areas and reducing financial leverage dramatically as it generates significant free cash flow at current strip prices that it’s using to pay down debt, which should fall to less than two times cash flow by year-end. The company has also enacted an aggressive program to buy back stock, which should help valuation since the company has had a traditional reputation for issuing far too much equity to fund growth. With the stock trading at a discount to net asset value and only about three times debt-adjusted operating cash flow, we see further upside in the stock.

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