Backinblack1000 wrote: Ever feel like these new feel good posters are ignoring you?? Totally disregarding your story?
They say if you are buying risky investments, do it in an account that you can utilizie the capital loss......this does not mean in a registered account of any type. ....imo....
Therefore, using this line of thinking, a purchase of cpg stock at the time, may not have been considered to be a risky investment by either yourself or the financial institution that sold the shares to you....or in your platform.....or your source...motley......imo.
stfu for a minute moe...lol...had to get that in there...
with risk, is suppose to come reward.....now listen to what nutall is saying inregards to shell purchase....
But at the same time, he pointed out the big risk of investing in a company like Crescent Point. And lets face the facts: theres a very real chance that oil prices stay depressed for quite a while." Thing is, have cpg management slipped up and issued so many new shares that they are not capable of getting any reward back to the shareholders, because of all the shares out there????? A reformed company Crescent Point has received plenty of criticism in the past, and rightly so Quiet moe, not done yet...
The soft cell ("cell" LMAO and you wonder why no one listens to you.. LMAO.. still in jail I guess)on this would be, okay we hear ya...we will increase the quarterly divi, just a small amount....lol....yeah right...as nutall pointed out in the past versus management compensation (up there)..
My point is that a monthly divi would increase the shareprice...glta
Okay, moe and the other sparrows...
Dogsbreakfast4U wrote: I bought CPG for my RRSP after reading this on The Motley Fool.. That was a big mistake that I still own. If I held this in a non registered account I would sold a long time ago. I find it interesting that he is back in now. Live and learn. "On Tuesday, Sprott portfolio manager Eric Nuttall appeared onThe Business News Networkand outlined his top three picks in the energy sector. And Mr. Nuttall is worth paying attention toin the five years hes managed the Sprott Energy Fund, he has outperformed theS&P/TSX Capped Energy Indexby a total of 21.3 percentage points. Interestingly, the first company he mentioned wasCrescent Point Energy Corp.(TSX:CPG)(NYSE:CPG), a company he only started buying recently. So, why does Mr. Nuttall like Crescent Point so much? We take a look below. A cheap share price To put it bluntly, Crescent Points shares have been absolutely hammered recently. In the past three months alone, the stock price is down by well over 50%. Mr. Nuttall thinks this has made Crescent Point the most mispriced oil and gas stock that I can find. He says even the companys proved reserves are worth more than the companys market value. So, by buying the stock, you get part of the proved reserves, all the probable reserves, and all the other properties essentially for free. Crescent Point is also trading at its cheapest multiple ever, at just 5.5 times cash flow. At that price, Mr. Nuttall believes theres plenty of upside to justify the risk. A reformed company Crescent Point has received plenty of criticism in the past, and rightly so. The companys acquisition strategy, while ambitious, left the impression that management cared more about growth than shareholder value. These acquisitions were mainly funded by equity, thus diluting existing shareholders. Likewise, the companys dividend was also fairly ambitious, and was partly funded by issuing new shares through its dividend reinvestment program (DRIP). When putting the two together, Crescent Points share count took off, increasing by more than 100% over the past five years. But the company seems to have reformed its ways. The dividend has been slashed, and is now more sustainable. The DRIP has been eliminated. Management wants to internally fund acquisitions going forward. So, when taking a fresh look at Crescent Point, Mr. Nuttall sees a strong energy producer with a significantly depressed share price. A big caveat Mr. Nuttall believes that oil prices are unsustainable, and hes expecting a WTI price of US$55-60 next year. So, when he says that Crescent Point is undervalued and that it has a sustainable dividend, it is based on this big assumption. Midway through the interview, Mr. Nuttall was pressed on what the company is worth if oil stays at US$38, and he made a very insightful point: At $38 you dont buy an oil stock. So forget about if the dividend is sustainableis the company sustainable? And are any companies sustainable at $38? So that speaks to the lunacy of todays oil price. Mr. Nuttall was making an argument that oil prices must go up from here. But at the same time, he pointed out the big risk of investing in a company like Crescent Point. And lets face the facts: theres a very real chance that oil prices stay depressed for quite a while."