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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (113037)9/13/2021 3:13:40 PM
From: Goose94Read Replies (1) | Respond to of 202365
 
Crescent Point Energy (CPG-T) spiked on dividend increase



To: Goose94 who wrote (113037)11/22/2021 2:52:20 PM
From: Goose94Read Replies (2) | Respond to of 202365
 
Crescent Point Energy (CPG-T) top pick from John Zechner on BNN.ca Market Call Monday Nov 22nd @ 1200ET

The last time oil traded in the $75 range, CPG traded in the mid-teens. Since then, new management has consolidated properties and dedicated massive free cash flows to debt reduction and increased dividends.

Valuations for the energy sector have fallen to multi-decade lows as global investment funds exit the non-renewable energy names and has created a valuation gap that should lead to more industry consolidation, stock buybacks, increased dividends and other ‘shareholder friendly’ moves, even if oil prices slip a bit.