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Crescent Point Energy Corp T.CPG

Alternate Symbol(s):  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 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.


TSX:CPG - Post by User

Post by smallcaptdron Apr 21, 2023 3:22pm
278 Views
Post# 35407874

Oil finds support @ $77...

Oil finds support @ $77...As far as temporary support goes $77 Oil worked out for today but I'm not seeing a market that pounding its fist on the table saying that this is a trend reversal, it seems more like a rest stop on I-75 heading south so to sell me on a true reversal Oil should have been past $78.50 but it failed to stay above $78 where resistance stopped it in its track. For me, it will take a couple more days to trade above $78 to put a stamp on $77 support, but for a bullish reversal, Oil needs to be trading above $79+ pushing back over $80 and with next week's focus on the US Data it could be challenging unless something extremely bullish happens overseas handing the US $79+ Oil Monday. Deal with it next week. I just can't see a $0.50 gain in Oil as being bullish. Like I've said, stay liquid for now.
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