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

To: Goose94 who wrote (147947)	4/3/2023 10:05:06 AM
From: Goose94	Read Replies (1) \| Respond to of 202428

Crescent Point Energy (CPG-T) tied it's four month high thanks to NCIB and OPEC+ cuts

To: Goose94 who wrote (147947)	6/4/2023 7:00:01 AM
From: Goose94	Read Replies (1) \| Respond to of 202428

Crescent Point Energy (CPG-T) top pick from John Zechner on BNN.ca Market Call Monday May 30th @ 1200ET Canadian oil stocks are cheap across the board after selling off on worries about slowing demand from China and a recession in North America. The stocks are undervalued at current oil prices but we also believe the physical market for oil is much tighter than futures indicate so there is an upside. Crescent Point has done a great job of consolidating its assets to core profitable regions and recently added Montney oil field assets in Alberta for $1.7 billion, which will significantly grow its presence in what is one of North America’s largest unconventional petroleum plays. The company said the assets, which are adjacent to the Kaybob Duvernay assets it acquired last year, will increase Crescent Point’s excess cash flow by 20 per cent within the first year of its closing. It also continues to pay down debt and buy back stock using excess free cash flow. Latest purchase $8.25 March, 2023.