RE:RE:RBC 8$ PT now. still too low imo$8 is hyperconservative. Nevertheless, this falls in with my view that CPG looked good at $50/WTI and everything else is raw unmitigated gravy. We're in a totally different world and energy prices are going to remain high for a long time. In time analysts may have the courage to base Canadian oil companies on a bolder assumed price of oil. Western Canadian Select is above $80/b. It hasn't been like this in a long time.
Anschutz wrote: Agree. I think it will be a long time before we see oil at $55 or lower. Good luck everyone. With oil up again this morning we could be heading into a great week.
T-10 days to earnings and hopefully more good news about dividends and dare I say... a clear message from Bryska and board emphasizing their committment to "SHAREHOLDERS" rather than 'stakeholders'.
Moernoney42 wrote: October 17, 2021
Crescent Point Energy Corp.
Valuation Our estimate of CPG's NAVPS is based on a long-term crude oil (WTI) price of US$55/bbl, long-term natural gas (Henry Hub) price of US$3/mmBtu, and a discount rate of 8.5%. Our base case price target of $8 is based on a target multiple of 0.9x our base NAVPS. Our price target supports an Outperform rating.