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.

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Crescent Point Energy Corp > Where SP were, are, and going to be,

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Post by smallcaptdron Nov 26, 2022 12:24pm

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Post# 35130655

Where SP were, are, and going to be,

I feel that I need to explain this, SP reflects revenues first and far most so when you have a commodity selling off and SP remains higher than normal eventually will correct, and investors need to realize that $100 Oil is gone and $90 has been phasing out leaving $85 as being high except for a couple of runs up to $93 were it could never stay in the $90. So if Oil will be trading in the $70+ to lower $80 then SP needs to adjust from being overinflated on hopes of $90-$100 Oil happening. Look at the history of Oil prices in years leading up to 2022 when Oil exploded because of the war and right now with everything going on its time to remove the risk factor that Russia will shut off Oil because of G7 and the ailing world cutting into Oil demand and $65 could be hit 2023. SP are overinflated today.

U.S. Crude Oil First Purchase Price (Dollars per Barrel) (eia.gov)

BTE 5yr