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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (72566)	3/7/2020 8:55:23 AM
From: Goose94	Read Replies (1) of 202371

Crescent Point Energy (CPG-T) revisited 2.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Mar 6th @ 1200ET Crescent Point is 50 per cent hedged in 2020 with a fully-funded program down to $46 WTI, thereby helping to immunize the business (but not the stock apparently, down 46 per cent year-to-date) from the short-term pricing weakness as a result of the coronavirus. Given that we believe in $60bWTI by the end of 2020 (and beyond), we have Crescent Point trading at 2.1 times EV/CF and at a 22 per cent free cash flow yield. On a reserves basis, using a $55 flat price the company only trades at 84 per cent of the blow-down value of the company. Pick your valuation metric, this stock has never traded cheaper.

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