Investment Q&A

Q: With today's dividend reduction and the stock price almost at the 52 week low, would you be comfortable recommending a "buy" at this point. Or would you have a better suggestion.
FYI: Portfolio is balanced. Looking for higher but reliable dividend income. Sector not a key consideration. Moderate risk taker.

Thanks for your help with this decision.

Q: Have you had time to assess the recent developments? They have reduced the monthly dividend from 23 cents to 10 cents and suspended the DRIP programs which have been the source of a lot of dilution over the years.

From what was said on the conference call it appears that they have abandoned the High Yield, High POR Income Trust Model. Going forward they intend to fund their Growth with internally generated funds and focus on creating shareholder value.

The Oil market will be whatever it is but should improve at some point.

I would be interested in your thoughts on what is actually a dramatic change in Crescent Points financial and growth strategy.

Q: Do you folks have a vantage point that gives you insight into who's selling off CPG? (i.e insiders or institutional investors) I know that their reputation as a serial stock issuer is a sore spot but in my mind the $2.5B shelf prospectus is just a positioning move in the event that casualties with good assets surface. The volumes today were almost double the average. Severe punishment over the past few days!! Any comments would be appreciated.

Carl

Q: I need to sell one stock, either Crescent Point CPG or Baytex BTE. What one should I keep?

Thanks for the great advice you have given. Helps me to stay focused on my own end game.

Q: Peter; I'll be the first to ask-does CPG , after the shelf issue $2.5billion , US included,finally make this a sell and watch? Thanks.Rod

Q: I believe in never being 100% out of any sector.That said my oil and gas weighting is now 6%. FRU,WCP,and CPG each making up 2%.Do you think this is too high at this time in cycle? My main concern is CPG and its new "Shelf Prospectus" that really is being taken viewed as a negative today. My cost base is $32. I like its div. but I'm curious as to whether this is news is helpful or harmful to its value going forward. Thanks

Q: The recent IPO for Crescent Point Energy has not sold out. The new issue was offered at $28.50 but it has been trading well below that, dropping briefly to 27.85 in intra-day trading this morning. What happens if the price remains depressed and the IPO is not successful? Will CPG re-issue the IPO at an even lower price?

Q: Hi Peter in my RRSP acc. I have 80 shares of CPG which are down form my purchase price and 400 shares of LEG which are also down from my purchase price is it worth buying more of either one and if so which one. CPG is about 5% and LEG is about 2% of the overall portfolio. Thanks, Nick

Q: Could I have your opinion on CPG purchase of Legacy Oil & Gas?
Does this purchase raise your opinion on the company given the unrest in Alberta's political situation.
I currently hold WCP, PMB & BTE representing 5% of overall portfolio.
I entered into the above companies in December so I am up in all of them. I would like to add another 2 %. Should I add to WCP or add CPG into the mix. Thanks for the great service.

Q: Is this a good entry point for Crescent Point? Tx

Q: Would CPG be a good stock to purchase for my portfolio.Eddie

Q: I've owned CPG for 3+ years and I've been fine with collecting the dividend despite the massive volatility. I've held it in the past knowing there are better energy names out there. Today, I am thinking it is a good idea to get out of it in favour of cash or some other 5i portfolio type stock like BIN or something you'd recommend. I prefer to get something with yield so I am thinking HCG or BIN or CCL.B or something like those.

My chief concern with energy in general is that the supply situation (looking at all the charts) looks horrible. I think CPG is discounting oil prices that are too optimistic. My concern with CPG is I know I can do better in terms of quality and I am thinking grown men could be crying over this one in the next while.

CPG is 2.5% of the portfolio. Other energy related holdings are PEY - 4.4%, TOU - 3.3%, AEI - 1.6%, and BAD - 3.9%. Rest of the portfolio is pretty close to 5i model portfolio.

Q: Hi 5i - I have about 25% of my portfolio in Energy (in SGY, ERF, BTE, BNP and LEG, TBE - all of which are slightly underwater with the drop in oil) - Im looking at adding CPG at $29.00 - is this a good idea long term? Thanks, Neil

Q: In light of the dividend cut by Surge Energy (SGY), how likely do you think it is that CPG might follow suit?

Q: Good Morning 5i Team

Please accept my apologies if this question has been previously asked and answered.

I follow a large number of companies watching news, price, volume and tracking dividend performance.

I have noticed in the past few days a number of companies showing an increased yield on their dividend... i.e. CPG going from 6.97% on Friday to 12.68% today.

Please excuse my own ignorance as I know many other members are probably aware why this is but, could you explain this to me please?

thanks for all you do

Gord

Q: At $22.00 is CPG not a screaming buy - even at $60 a barrel?
Also do you have any information on insider trading for this company and where can I get this information without bothering you?
Many thanks
John

Q: I sold some CPG on Nov 17 and it settled on Nov 20. Just to confirm, so I don't trigger the 30 day superficial tax loss rule, the earliest I can repurchase CPG would be Dec 17. Am I correct?

Thanks,
Steve

Q: Is this coy still going to be able to maintain their dividend,
I recently bought ,but it keeps going down Brian

Q: Hi 5i,

I am currently 5% down on CPG in a non registered account. I am thinking of using this loss to offset my capital gains. I understand that there is a 30 day waiting period before entering into the same stock, but does this apply if I want to purchase before 30 days in a RRSP or TFSA instead of the non registered.
Thank you.
Janice

Q: I like CPG for a long term hold but am currently significantly under water due to the falling oil prices. I have Capital gains in other stocks that I would like to offset. I am considering selling CPG for the tax loss and buying it back 31 days later. In the meantime I will buy a energy ETF with the funds to protect me if oil rebounds in the short term. If all stays the same or worse, I will sell the ETF after 31 days and buy back CPG. Your thoughts?