RE:BNN - CPGtorotoro wrote: Crescent Point getting heavy mention.
Analyst view is small and mid E&P's at or near price bottoms.
Calls CPG "incredibly cheap"
Highlights CPG's solid reserves.
Pans the equity offer and current debt levels as reasons for price being held back.
Expects an energy sector Santa rally through mid-January.
Predicts a near-term drop in crude, testing into the 40's level begining mid-January through to March, 2018.
Sees a "double bottom" coming in oil.
Then, post March 2018, sees the beginning of a 3-5 year super-cycle, that will result in E&P valuations returning to pre-2014 crash valuations.
Ended the segment again going back to CPG as being incredibly cheap at these levels.
So the game plan is hold CPG till about 11-12..sell and wait till hits around 8 and buy again and leverage the dollars you made on the high at 11-12 and pick up more shares or play with the house money.
Hmmm, I guess its possible.