9/9/11: Crescent Gets Aggressive, EnerCare Goes Conservative
I’m taking advantage of the drop in oil prices to add a high-quality producer stock to the Aggressive Holdings this month, Crescent Point Energy Corp (TSX: CPG, OTC: CSCTF). It’s also a High Yield of the Month pick and is trading nearly 20 percent off the all-time high reached earlier this year.
I’m also moving EnerCare Inc (TSX: ECI, CSUWF) to the Conservative Holdings, reflecting strong second-quarter 2011 earnings and much improved dividend coverage. There’s more on the EnerCare move in this month’s Portfolio Update.
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