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UnknownUnicorn2413721

CPG at sub $5 CAD or sub $4 USD is a steal

Long
CRESCENT POINT ENERGY CORP (TSX:CPG)  
UnknownUnicorn2413721  
TSX:CPG   CRESCENT POINT ENERGY CORP
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
This is a nice speculative buy and hold at these prices given solid assets, downstream producer not very sensitive to the WCS/WTI differential, above 7% divi at these $4.88 prices. Could see further selling pressure as margin calls possibly intensify but nice setup here for a rebound based on oversold daily RSI and a STO wound up. Canadian Oil stocks are for contrarians at this point. 100% negative news from commodities and land-locked CDN oil. CPG has less sensitivity to WCS except for investor sentiment.
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