Here are two versions of his comments. GLTA
- Crescent Point Energy (CPG TSX) Recent purchase in January @ $39.30.
A fast growing Canadian company focused on oil and dominant in the Bakken oil play in Saskatchewan and North Dakota. The company has been very active in acquiring smaller oil companies and adding to its already large land position. The company is highly ranked for its excellent operating record. Growth through acquisition has meant dilution of the shares but the company has continued to be able to pay an excellent dividend presently at 7.0%.
| 2013-01-25 || TOP PICK || David Cockfield || |
A Bakken story (North Dakota and Saskatchewan). Lighter oil and closer to market. Great operators. Bought this one for the dividend payout. Keep diluting the stock either through acquisitions or new issues but have now indicated they are going to sit on the sidelines a little bit. Has been buying under $40. Company’s very good at cash flowing and paying their dividend. Yield of 7%.
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