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 > API Crude Oil Stock numbers just out.

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Post by smallcaptdron Apr 25, 2023 5:06pm

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Post# 35413341

API Crude Oil Stock numbers just out.

Solid draw at -6Mil barrels the consensus was for -1.6Mil so that could be positive for tomorrow's EIA. We knew that this week would be filled with bumps as far as US Data goes..but every failed peak is followed by a successful rebound. Just roll with the punches and if Oil ever did hit $75 it shouldn't be for long just a week ago talk was $90+ Oil and tonight's draw shows a market tightening up. Oil will head back toward $80+ and that's why we're seeing acquisitions happening in the Oil Industry every Oil Company has made serious coin over the last year so they're well funded and this should keep SP resilient.

United States API Crude Oil Stock Change - 2023 Data - 2012-2022 Historical (tradingeconomics.com)

US API Crude Oil Stock