Earnings
September 26, 2017 - WIR.U
New! WPT Industrial REIT - Q2-2017 and Price Target Update .....
September 24, 2017 - CPG
New! Crescent Point Energy Corp. Q2-2017 Earnings, Price Target Update .....
September 21, 2017 - T
Telus Corporation - Earnings & Price Target Update .....
September 20, 2017 - BCE
BCE Inc. Q2-2017 Earnings Update .....
September 19, 2017 - HLP.U
Mainstreet Health Investments Inc. Price Target Update .....
September 17, 2017 - FN
First National Financial Corporation - Q2-2017 Earning, Price Target Update .....
September 15, 2017 - FCD.UN
Firm Capital Property Trust - Q2-2017 Earnings & Price Target .....
September 14, 2017 - MKP
MCAN Mortgage Corp. Q2-2017 Earnings & Price Target Update .....
Recommendation Changes
CPG, HLP.U, FN, KEG.UN, PKI, more...

Weekly Price Changes Aug 11-18, 2017

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Crescent Point's strategy is to acquire and develop large resource-in-place assets with emphasis on water flood recovery methods, and to manage commodity pricing risk through a rolling-3 year commodity hedging program. By area, 50% of reserves are located in the Bakken region in southeastern Saskatchewan and North Dakota and 23% in the Shaunavon areas in southwest Saskatchewan, 24% in southern and northwestern Alberta and 12% in the Utah area. For 2016, the production mix was 90% oil and NGLs and 10% natural gas with 80% of reserves located in Canada.

Summary

Crescent Point's production is weighted 90% to oil that on average earns approximately 90% of the WTI US dollar benchmark price before conversion to Cdn dollars the currency used for their financial statements. Crescent has been very active adding to reserves through both acquisitions and development during for the past four years in regions where new finds of oil have been significant for their size. The Bakken has been one of these areas and Crescent Point has at least 50% of their reserves in this area. Crescent Point has kept a low debt ratio as a result of financing acquisitions mainly with new equity issues.

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