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Bullboard - Stock Discussion Forum Crescent Point Energy Corp CPG


Primary Symbol: T.CPG

Crescent Point Energy Corp. is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area... see more

TSX:CPG - Post Discussion

View:
Post by retiredcf on Mar 07, 2024 11:41am

Mizuho

Once oil goes above its 100-day moving average, it’s time to start getting long: strategist 

Robert Yawger, energy futures strategist at Mizuho Americas, joins BNN Bloomberg to discuss oil market trends. He says the Saudis are walking a fine line in raising prices for buyers in Asia as they are not competing with discounted barrels from Russia or Iran, but also don’t want to raise prices so high that they risk losing market share to sellers like the US, Brazil or Guyana. 

https://www.bnnbloomberg.ca/video/once-oil-goes-above-its-100-day-moving-average-it-s-time-to-start-getting-long-strategist~2880283

Comment by Moemoney42 on Mar 07, 2024 11:51am
A bit of resistance at this level but if we can break through (and it appears we can) its clear sailing to the $10.70 level before any real resistance comes into play IMO..