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Bullboard - Stock Discussion Forum Crescent Point Energy Corporation (Canada) T.CPG

Alternate Symbol(s):  CPG

Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.

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Oil over $92 today

mbuch (85) | February 04, 2022 12:53 pm

And this, along with most other oil stocks are barely green now?

Total manipulation. Stocks should be as green if not greener that the morning pop in price. 

What am I missing?
 

RE:Oil over $92 today

Moemoney42 (1268) | February 04, 2022 01:00 pm

mbuch wrote:

And this, along with most other oil stocks are barely green now?

Total manipulation. Stocks should be as green if not greener that the morning pop in price. 

What am I missing?
 


I'd say its still disbelief of crude staying power.. we need either a dividend increase in CPG's case or more YE results to come out to show the gains made on balance sheet progress with debt repayment. 
A 2% yield isn't enough to attract big money unfortunenately.. we'll need a yield of at least 3% to get any respect IMHO.. I'm still callling for a divi increase in Q3-22 if not even Q2 for payment in Q3


RE:RE:Oil over $92 today

NonCredibleSrc (109) | February 04, 2022 01:04 pm

UNREAL - Oil up $2.19 at time of writing and CPG down $0.02

WCP also sits only up 4 cents.

This is laughable!

RE:Oil over $92 today

RusticHit (139) | February 04, 2022 01:22 pm

Market knows crash is coming  Oil can not stay at this Lofty levels may touch 100 and crash gas at 1.60++ pain is real  ppl cutting groceries to buy gas ,,,,Oppssss

RE:Oil over $92 today

JohnnyDoe (592) | February 04, 2022 05:48 pm

mbuch wrote:

And this, along with most other oil stocks are barely green now?

Total manipulation. Stocks should be as green if not greener that the morning pop in price. 

What am I missing?
 


Well, I'd say part of the problem is a lack on institutional ownership in cdn small and mid caps in general. Many many retail investors. My initial block bought was in the 2s, my largest block in the 1s, another block in the 3s and my last block in the 5s. I'm up a lot and a lot of people are up a lot more than me. If you've been in cdn oil since June 2020 it's getting to the point where people have made money and are looking at exit strategies.
I think there's a lot of room to run yet. But at some point the weight as a percentage in oil gets dangerous. And I think it's causing people to sell as they've made enough.