This morning's G&M
From National Bank :
“Crescent Point remains one of our top value picks in the sector, owing to a valuation of 1.8 times 2023 estimated EV/DACF, roughly a full turn discount relative to its peers at 2.6 times (three-year historical average 3.3 times), coupled with a sizable FCF profile (supported by our confidence in continued successful Kaybob development) and a clearly defined return of capital framework,” said Mr. Shine. “We reiterate our Outperform rating but are decreasing our target price ... due to changes to our capex, production, and opex assumptions, largely related to inflationary headwinds.”
National Bank Financial’s cut his Crescent Point Energy Corp. (
) Street-high target by $1 to $20 with an “outperform” rating. The average is $14.64.