TSX:VRN - Post Discussion
Post by
retiredcf on May 22, 2024 6:33am
Technical Analysis
BNN haven't picked up on the name change yet. GLTA
BUY ON WEAKNESS
Crescent Point Energy Corp(CPG-T)
21/05/2024
Great company. Looking at the chart, big wall of resistance it just couldn't get through. Then it broke out. If you own it, hold. If it pulls back to the neckline, he'd be all over it.
Oil / Gas
Keith Richards
$11.720
No
COMMENT
Oil.(A Commentary)
21/05/2024
He loves oil. Seasonally, can take a pause over the summer. And after the move we've seen, likely to see it move sideways or even a pullback. Longer run, say 1-2 years, he's very bullish.
Thinks it will get back to $100. Tons of potential for it to get there, and lots of resistance space before it does. Have to break though $88-90, and once it does, $100. Then who knows, $120 and beyond. One thing at a time. Seasonally, seeing it a little soft now. End of the summer, should start to see it pick up.
Keith Richards
Be the first to comment on this post