yesterday from Greg Newman (ScotiaMcLeod). Have to keep the bashers busy. GLTA

 

2013-01-21 BUY CPG-T Crescent Point Energy Corp

Cut their CapX 10% for this year, responding to the general conditions and differentials.  Still guiding to 10% production growth, which is excellent. Acquisitions they did in 2012 will set them up really well for growth. Great balance sheet. Mostly light oil, so you don’t have to worry about heavy oil discount and differentials of the crack spread.

 

Price:
$38.980
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes