Crescent Point Energy Corp T.CPG

Alternate Symbol(s): CPG

Energy Oil & Gas E&P

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 of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

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Crescent Point Energy Corp

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Post by smallcaptdron Apr 13, 2023 12:27pm

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Post# 35393242

He who giveth taketh away in Oil...

Oil has been heading lower since yesterday $83.40 but it's hard to notice with the few peaks higher but it is rolling over. Oil also hit resistance at $83.50 so take note that Oil now relies on what comes next, Bullish or Bearish drivers, and the word recession has been part of the vocabulary since June when Interest Rates started to climb. 2008-09 had higher Rates that contributed to holding too much debt on the books so will higher Rates trigger a deeper global recession is now front and center for Oil. Oil needs a bullish reason to punch higher with headwinds of uncertainty and Gold at $2040 speaks volumes with the USD breaking toward new lows isn't helping Oil and that's concerning that negative sentiment is overpowering.

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