Crude Forecast on BNN's The WeeklyIn the near term crude is going to take a hit probably down to $40 or another 20%. The price of CPG will drop at the same pace. If another larger M&A deal is announced take off another 5% from CPG's sp.
The bright side is hopefully the supply demand imbalance will be sorted out soon. Rafi from canoe financial is predicting $60-80 oil by early 2016. If true there's some potential big upside in oil stocks from the short term lows.
https://www.bnn.ca/Shows/weekly-with-andrew-mccreath.aspx