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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 Jun 20, 2023 2:12pm
221 Views
Post# 35505726

Selling under $70 Oil makes zero cents!

Selling under $70 Oil makes zero cents!Still, after months of watching Oil dipping below $70 and rebounding back investors haven't learned a thing. Everything negative but the kitchen sink has been thrown at Oil and $70 stands firm so selling in the eye of the storm or below $70 never proves to be a smart move or selling shares well below market value indicates zero wisdom where patience will prevail. China May Oil reports a slight decline from Apr record high! so China's Oil demand still remains high I don't know if investors can't read or if their calculators are busted. Unfortunately, these investors who sold won't feel the true consequences of their actions till they wake up to Oil rallying towards $80+ which will happen,  if Oil is staying above $70 with everything that happened then it's not going to take much to turn this course around and just as trees only grow so high the same stands true that tree's only burn till they hit the ground before a new one grows from the ashes. Be patient Oil's time to rally is coming.
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