$37.15
-0.04 (-0.11%)
Crescent Point Energy Trust Units (CSCTF.PK)
CAPS Rating:
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Crescent Point Energy is a significant Canadian operator and producer of the Bakken oil play in Saskatchewan Canada. It produces approximately 31,000 bopd and 29 mmcf/day with roughly Cdn.$500,000,000 of annualized operational funds flow. If oil and gas prices fall or drop below present levels, the company can scale back capital expenditures without adversely affecting the large amounts of cash flow. The company distributes a portion of its unrestricted funds each month for an annual distribution of approximately Cdn.$2.75 per share.
My entry point was a ridiculously low $1.79/sh, which likely happened only because the U.S. market for this Canadian security is relatively illiquid and presumably the sell order that triggered the low price most likely missed a decimal point. Even if it isn't available at the abnormally low price, this company should still be worth acquiring and holding as an oil and gas play.
Congrats on having a current score of 850 on this! I recommend you close it..? :)
If you believe in this company....never close this in CAPS....and you know the reason.....Everyday it goes up by 10% at the $20 level ie $2 ....you get 100+ points. instead of 10 ....of course its the same the other way....but if this company is worth $30....why would you like to loose the 500 points....hard to come by!!!
Way to completely blow my conservative profit-taking argument out of the water. :)
Your one pick has given you more points than my whole portfolio..... congrats
I don't see this stock having ever traded for this low of a price. Was there a reverse-split or was this just another one of Motley Fool's screw ups with their price feed?
Let's not overlook October 10, 2008. Well done bravobevo.
Aw shucks... looks like the illicit score police caught up with you today. My condolences on your massive negation.
Bfb, thank you for your encouraging word. In fact, the security did trade at the price we originally received of $1.79/share. If you think it's "illicit", why not take a look at the historical prices. I just pulled up my Fidelity Investments account and I'm looking at the 52-week historical low. Wanna guess what price it traded and on what date? Take care.