I recently downloaded a free copy of Peter Schiff’s Five Favorite Investment Choices, a short pdf e-book of five of his top stock picks – all of which were international dividend-paying stocks – most from Asia, if I recall, but the first pick was from Canada and was an oil and gas stock.
Background To Schiff’s Run For Connecticut Senate (Sept. 17, 2009)
Interestingly, Schiff merely describes the stocks in the e-book report, he doesn’t name them. But since I follow the Canadian stock market quite closely, I was easily able to find out which stock it was he was recommending for the Canadian buy. And a smart choice it is.
Peter Schiff Recommends This Canadian Oil & Gas Stock
The name of the stock? At the time, I believe, it was actually still an income trust. Now it’s a corporation. Which is it?
Crescent Point Energy Corp. (TSX: CPG). Read on, because I have more Canadian energy and mining picks for you in the links below.
Crescent Point Energy Corp. is geared to become one of, if not the top of, Canada’s premier large-cap oil plays. Alongside Suncor (TSX: SU) and the Canadian Oil Sands income trust (TSX: COS.UN), Crescent Point is a must-own and you’d be hard pressed to find any analyst down on this stock – except regarding the question of when to buy it. Right now (Sept 2009), at $38.23, the stock is basically fully valued and most recommend waiting for a bit of a correction before buying more. But good luck catching that pullback, because this stock won’t lie down for long.
I’m not in the practice of dishing out stock picks on this site, but I can’t help but say that right now the stock is also trading at a low P/E multiple (barely 6x earnings!) and boasts a nice 7.3% yield.
Why care about Crescent Point Energy beyond its technical points? Crescent Point owns perhaps the most lucrative oil patch in Canada in the lower Shaunavon region in southern Saskatchewan – there is one other major competitor with assets in the Bakken Formation, too, but has nowhere near the size of the patch that Crescent does. And these aren’t oil sands, but light oil. Crescent also has a few natural gas properties, but its core focus is oil production.
More Information on Canadian Oil & Gas, Resources and Mining Stocks
Go beyond this one stock pick, though, and check out other Canadian resource stocks. There are a ton of great companies. Here are some articles I’ve written you can get started on for further research:
Top 20 List of the Biggest Canadian Gold Stocks
11 Gold Mining Companies That Pay a Dividend
Canadian Gold Mining Penny Stocks That Surged
Bullish on Nat Gas? Check Out These Canadian Natural Gas Stocks and ETFs
5 Largest, Most-Traded Uranium Stocks in Canada
Lithium Mining Companies in Canada
Top Junior Silver Mining Companies
More Articles About Peter Schiff
And if you’re not so familiar with Schiff, e.g., you’ve only seen a YouTube video or two, check out some of the previous articles I’ve written. I’d especially recommend my four-part book review. Don’t buy the book until you read it. And definitely read it if you know you’re not going to buy the book! Free information!:)
Schiff Announces Run For Connecticut Senate (Sept. 17, 2009)
Little Book of Bull Moves in Bear Markets (Review) (March 9, 2009)***
Schiff On the Rally And Why You Still Need To Buy Gold (May 8, 2009)
Schiff Considers Senate, Advises U.S. To Default Honestly On Its Debts (June 1, 2009)
If you found this article useful, please share it on sites like Twitter, StumbleUpon or Reddit. I’d also love it if you grab my RSS feed for free updates and posts like this one delivered right to your reader or by email. You can also follow me on Twitter.Related Posts
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