Motley Fool Article Featuring CPG as a Contrarian Play https://ca.finance.yahoo.com/news/1-contrarian-oil-play-buy-170003788.html
Evem with the amazing good performance over the past couple of days, I'd say everything still applies.
Bottom line
It appears Crescent Point is well positioned to take advantage of stabilizing (or hopefully rising) oil prices from here. For those bullish on a continuation of this bull market, Crescent Point’s upside is impressive.
The company’s finally churning out impressive excess cash flow, producing approximately $122 million in free cash flow this past year. At this rate, the company is trading at less than 24 times cash flow and could be more attractively priced on a forward-looking basis for those expecting higher commodity prices on the horizon.
Whether or not one is bullish on oil, Crescent Point represents a deep-value play at these levels. I’m not going to suggest it can get back to its all-time highs anytime soon. However, there are large gaps to fill on the upside here.