Crescent Point Energy: A Low-Cost Liquids-Rich Oil Producer With Growth Potential

Sep. 05, 2023 4:43 AM ETVeren Inc. (VRN) Stock, VRN:CA StockVRN, VRN:CA22 Comments

Summary

  • Crescent Point Energy is a Canadian oil producer with a majority of its production coming from crude oil & condensate.
  • The company recently completed a strategic acquisition of oil and liquids-rich Montney assets, increasing its leverage but providing growth potential.
  • Crescent Point is expected to deleverage quickly and reach a net debt of around C$2B by the end of the year while still distributing cash flows to shareholders.
  • This idea was discussed in more depth with members of my private investing community, Off The Beaten Path. Learn More »

Three Pumpjacks and a Yellow Sky

shotbydave

Investment Thesis

Crescent Point Energy (CPG) is a Canadian oil producer, that is listed on both New York Stock Exchange and Toronto Stock Exchange (CPG:CA), and it reports in Canadian Dollars.

The company has some natural gas and

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This article was written by

5.09K Followers

Bang for the Buck has a Bsc and Msc in Financial Economics, manages a small investment company, and runs the investing group Off The Beaten Path. He primarily invests in turnaround stories and is currently focused on natural resource industries due to monetary and fiscal policies together with underinvestments and very attractive valuations.

The investing group focuses on companies with quality characteristics that are trading at depressed valuations, which allows investors to participate in the upside of natural resource investing, without experiencing the more extreme drawdowns, that are otherwise so prevalent in natural resource investing. Learn more

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.

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