scotia takeOUR TAKE: Crescent Point released a budget and growth targets slightly above our previous estimates, with YOY 2018E exit growth guided to 7% and FY production growth expected at 5%. The company continues to innovate in the Uinta, with funding and free cash flow to be generated by ongoing operations in the Williston Basin and at Southwest Saskatchewan. We maintain our Sector Outperform.
Rating Sector Outperform 1-Yr. Target C$16.00
CPG-T CPG-N C$10.47 US$8.40
1-Yr. Return 56.3% Div. (NTM) $0.36 Yield (Curr.) 3.4%