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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (69491)	12/10/2019 7:31:00 PM
From: Goose94	Read Replies (2) of 202371

Crescent Point Energy (CPG-T) revisited top pick from John Zechner on BNN.ca Market Call Tues Dec 10th @ 1200ET New management is now focusing 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 2 times cash flow by year-end. The recent sales of infrastructure and other assets at over 7 times cash flow compare well to the stock valuation. The company has also enacted aggressive stock buybacks, which should help valuation since it 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 3 times debt-adjusted operating cash flow, we see further upside in the stock.

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