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

To: Goose94 who wrote (161849)	9/29/2023 1:27:05 PM
From: Goose94	Respond to of 202432

Crescent Point Energy (CPG-T) top pick from Eric Nuttall on BNN.ca Market Call Friday September 29th @ 1200ET Crescent Point has successfully pivoted from a low-productivity Saskatchewan focused oil company to a more balanced oil company with meaningful liquids rich exposure in the Montney. They recently drilled a ~2,000 Boe/d well in their Montey acreage, a 15x increase to their old style Saskatchewan oil wells. With at least 15 years of Tier one acreage the company has lots of running room and is now returning 50% of free cashflow back to shareholders. Trading at a 28 per cent free cashflow yield at US$90WTI we see the company retiring 14% of their shares outstanding while paying down debt by over $500MM. We see fair value at five times EV/CF which at $90WTI = $25.50 target price = 124 per cent potential upside.