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Crescent Point Energy Corp T.CPG

Alternate Symbol(s):  CPG

Crescent Point Energy Corp. is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.


TSX:CPG - Post by User

Bullboard Posts
Comment by jwallingfon Jul 08, 2019 1:00pm
54 Views
Post# 29895489

RE:What do you think about this on demand company

RE:What do you think about this on demand companyIt's a start-up, of course, so no track record. High risk. Almost all of its revenue comes from one customer: One customer accounted for 98% of accounts receivable and 95% of revenue as at March 31, 2019 (2018 – 100% of revenue and 100% of accounts receivable)."
They also have a "going concern" statement in their annual financials. Here is the auditors opinion: "We draw attention to Note 1 to the financial statements, which indicates the Company has incurred significant operating losses and negative cash flows from operations. As stated in Note 1, these events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter."
I wouldn't be a buyer. Trying to make short-term money in the stock market is exceedingly difficult and the odds are heavily against you. If you still want to short-term trade, I'd look for depressed companies in the oil and gas sector, for instance. Some low-priced stocks I own: TCW.to, ESN.to, MCB.to. 
Bullboard Posts