5 Hot Small Cap Oil and Gas Stocks #3. Crescent Point Energy Corp.
Market Cap: $3.7B
YTD Returns: 21.5%
Another Calgary-based oil company, Crescent Point Energy Corp. (TSX:CPG)(NYSE:CPG) explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba.
Crescent Point shares once traded above $45 per share and even paid out a generous dividend, compared to the current $5.15 share price. Unfortunately, the 2014 oil price meltdown left the company battling plunging cash flows and high debt levels that forced the company to heavily trim dividends--and the shares have never fully recovered. Even after this year’s 120% gain, Crescent Point shares are trading 80% below 2014 levels.
Thankfully, the ongoing oil price rally has allowed Crescent Point to start generating healthy cash flows and make several strategic acquisitions. That said, this stock is likely to remain volatile and any setbacks in the near future could send the shares crashing again.