peshkov/iStock via Getty Images
Crescent Point Energy (CPG) has had a love/hate relationship with its investors for years. I think there is finally more love than hate out there in the current environment. Crescent Point has done a good job
Crescent Point Energy: 2022 - The Year Of The Shareholder
Summary
- CPG is likely to meet its debt targets ahead of schedule which will allow for greater shareholder returns.
- CPG is operating with a much cleaner balance sheet than it has in years, making it attractive.
- CPG is 50% hedged in 2022 which could hurt them, but it does lock in profits which is good news for those who are looking for some certainty.
A finance graduate from the University of Alberta. I have developed a trend-following strategy backed by solid fundamentals. Removing emotion from the situation is the hardest, yet most important lesson to learn.-"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.