RE:Now what?Stay the course -- do not sell ! Crescent Point Energy is still highly valuable and recommended.
Just wait another 2 weeks until the markets settle, and you'll be glad you held on.
In my opinion, you should not exit and take large losses.
What’s yesterday’s dog could become tomorrow’s great property Larger companies such as Encana Corp., Imperial Oil Ltd. and Suncor Energy Inc., divested non-core assets this year that were snapped up by new management teams set up precisely to extract value from tired or underdeveloped assets.
“What’s yesterday’s dog could become tomorrow’s great property with changing technology, horizontal drilling and well completion techniques,” said Greg Turnbull, lawyer at McCarthy Tetrault LLP in Calgary.
“We see a cycle of junior oil teams, the consolidators and dividend-paying energy companies coming through. They are looking for mature oil and gas assets with lower declines to help pay the dividend and fund the growth of those entities. This is the area where people can see significant rates of return.”