Crescent Point Energy Corp CPG

Primary Symbol: T.CPG

Energy Oil & Gas E&P

Crescent Point Energy Corp. is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

TSX:CPG - Post by User

Crescent Point Energy Corp

<< Previous

Bullboard Posts

Next >>

Post by smallcaptdron Oct 02, 2022 2:13pm

194 Views

Post# 35000305

US Oil Production

US production has been increasing due to the increased drilling activity during the summer where some of these drilling rigs are now in production We really need to see production removed if Oil is to head higher and if Oil is to rise then they need to cut global production starting with 1.5+Mil bpd and it needs to be done before the economy gets worse so it has to be done in the next month plus or before years end because 2023 will be ugly. If you click on the Oil chart link below and expand it by clicking on the 25yr view of the Oil chart and you can see that we can still drop $10 to $69 and be at the average for 25yrs and $69 Oil could be high for a recession but no one knows how bad the recession will be but I'm guessing that it will be serious enough to hit $50 Oil. Oil will start trading at $79 tonight overseas so we need to take a look at what US Data is coming out this week.

Crude oil - 2022 Data - 1983-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)

US Production
EIA-914 monthly production report

US Crude Rig Count
Baker Hughes Crude Oil Rigs