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Bullboard - Stock Discussion Forum Crescent Point Energy Corporation CPG

Energy Oil & Gas E&P

GREY:CPG - Post Discussion

Crescent Point Energy Corporation > chart
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Post by Carlos66 on Apr 14, 2016 10:08am

chart

I remain amazed at the chart which to me has risen on a hope & a prayer that oil has bottomed.

Mostly yes oil has bottomed, but the OPEC meeting is smoke & mirrors leading to disappointment.  We still have a wall of worry to get thru. The degree to which the disapppointment leads to downward pressure on oil prices will depend upon how big the bet is (how leveraged the shorters are).

The euphoria maybe brief as the over-reaction may also be. Volatile hours or day trading ahead on Monday

carlos
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