Analyst Recommendationhttps://www.bnnbloomberg.ca/video/greg-newman-discusses-crescent-point-energy~2492330
BUY
Crescent Point Energy Corp(CPG-T)
27/07/2022 at 08:00pm
Why target debt instead of zero debt? Their target debt was based on $45 WTI, less than half of where oil is now. That would be great for their balance sheet. They also talk about capital returns to shareholders, with theirs being 16% compared to peers at 11%. If oil stays at these levels, CPG is cheaper than the group and is executing well. He's been trading, but would be a net buyer.
OIL / GAS
Greg Newman
$9.770
Unknown