Crescent Point Energy initiated with a Buy at Canaccord

Canaccord initiated coverage of Crescent Point Energy with a Buy rating and C$12.50 price target. The firm believes the company’s “streamlined” asset base, which is now focused in the Duvernay and Montney, has put it in a position of strength for the size of its production base, facilitating the “market’s general inclination towards a return of capital model,” the analyst tells investors.