CRESCENT POINT ENERGY CORP. TSX:​CPG

CPG is going to get bought. Just a matter of time. I would say wait for the stock price to make a new low (since inception) and I think you'll see a major step in and buy these assets. Major conventional player in the Western Canadian basin with established leases in friendly O&G communities. CEO stepped down in May (started the company) so the major psychological ...

TSX:CPG is also in a channel. This one is almost a year long; and longer term view...does not look very good. lot closer to ATL's vs ATH's If its move from upper end of channel to lower one takes roughly the same time as last couple instances; i think it will likely hit that lower range around 8.35 close to the end of the month (may)...another 2 weeks or so. ...

cpg

nov 13

The weekly chart MACD seems to be diverging since September 2015 low, now the chart is forming an upside down head and shoulders. Should a breakout occur the measuring rule would put a price target around $13.00

CPG - LONG

target 29.8 $ -- summer 2019

tops 2Q17 expectations and increases 2017 guidance – -CPG’s 2Q17 production and cash flow handily beat consensus estimates

• Falling Wedge • RSI = oversold • Maximum Gain

CPG TARGET 1 : $24 TARGET 2 : $32

Long on CPG

Analysis

Just for practice