TSX Stock Buys of the week
I have been keeping an eye on a couple of stocks. Today I think it is time to put an order in. Though they have gone up today, I predict they will have a drop of 1 or 2% in the next few trading days. So I placed my order on that assumption.
The two stocks are:
Crescent Point Energy Corp (TSE:CPG)
Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets comprising light and medium oil and natural gas reserves in Western Canada and the United States. The Company’s primary assets are the shares in Crescent Point Holdings Inc. (CPHI), interest in the Partnership (CPHI and the Company) and shares in Crescent Point U.S. Holdings Corp. (CPUSH) and, indirectly, in Crescent Point Energy U.S. Corp. (CPEUS). Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and Manitoba and the states of North Dakota, Montana, Colorado and Utah. The Company’s properties in Canada include Viewfield Bakken Resource Play, Flat Lake Torquay and Bakken Resource Play, Shaunavon Resource Play and Saskatchewan Viking Light Oil Resource Play. Its properties in the United States include the Utah Uinta Basin Resource Play.
Northland Power Inc. (TSE:NPI)
Northland Power Inc. (Northland) is an independent power producer. The Company is engaged in developing, building, owning and operating facilities in Canada, Europe and other selected jurisdictions that produce electricity from clean-burning natural gas and renewable resources , such as wind, solar and biomass. Northland operates through five segments: thermal, renewable, managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and wood-chipping operations, as well as the administration of Northland. Northland owns power-producing facilities with a total capacity of approximately 1,345 megawatts (MW). The Company has approximately 40 MW of ground-mounted solar projects and the 600 MW Gemini offshore wind project under construction.