Crescent Point Energy: I Am Buying For A Possible 80+% Upside To Fair Value

ImagineGolf   Investment Thesis Crescent Point Energy (NYSE:CPG)(TSX:CPG:CA) has transitioned after the Hammerhead Energy acquisition and ended up with a premium 20+ years drilling inventory portfolio. The acquisition increased the company's share count and debt, and investors didn't take it well. While most Canadian O&G (Oil and Gas) producers are now deleveraged and focus on returning the capital to shareholders, Crescent needs to focus on debt repayment again. CPG also has a gassier production profil ...