CPG Quality mid-cap energy, 15-20% near-term 1W upsideCrescent Point Energy
Fundamental Analysis
Price to earnings ratio is around 1.4X (substantially lower than the sector and equities broadly)
Q1 Revenues were $950
Q1 Margin was 95% income to revenue
Following a 25% decline in recent price from $10.25 per share to below $7, $CPG appears to technically bullish on a long-term (6-9 months). Energy equities has a recent pull-back following the June inflation reports, however, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The Commodity Channel Index on longer trading scales (4H) shows that $CPG has been oversold.
There is significant support channels at $6.90 (-5%) and resistance above at $7.95 (+9.42%). Above this, the next channels are $8.72 (+18.8), and $9.18 (25.1%)
Risks:
Exposed to global crude oil supply levels. Crescent Point Energy primarily is involved in the extraction of crude oil from Western Canada. Demand remains roughly around pre-COVID 2019 levels and therefore $WTI pricing is driven predominantly by supply. Currently, the price closed to below the 3-month mean, while the fundamentals of global crude supply have not changed significantly.
There are reports that the conflict in Europe may advance to various possible scenarios, which may (a) see the Russian Federation limiting and stopping export of oil to its current trading partners in Europe, bringing $WTI to above $300 USD based on current supply and demand figures, and (b) the G7 and EU may cap the price they may pay for Russian oil.
Competitors and related stocks in sector:
$VET Vermillion Energy
$OBE Obsedian Energy
$WCP Whitecap Resources
Canada
Long opportunity on USDCADHello friend
As you know, the USD currency bias is Bullish as the United States monetary policy is hawkish
US hike the rate 0.75bp and is most hawkish bank right now.
In other hand, The Canadian dollar, despite good economic data, has not performed well in Forex
Also the possibility of lower oil prices puts pressure on CAD
So we forecast bullish movement for USDCAD and 1.2938 area is a good level to place your Buy limit
CADCHF - SHORT Strong double top, breakout of key level and canada fundamentals showing signals of losing steam
CADJPY Potential Upsides as OIL prices keep on RisingHey traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 106.100 zone, once we will receive any bullish confirmation the trace will be executed.
Hilo MiningI bought into Hilo probably to early but i think this has good long term potential with their claims and site locations. Im in for sure!
USOIL Strong Resistance BreakoutHey traders, in today's trading session we are monitoring USOIL for a buying opportunity around 120.5 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USOIL LongHey traders, in today's trading session we are monitoring USOIL for a buying opportunity around 118 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Canadian Dollar has bullish momentumRSI channel clearly shows that CAD buyers come in to market every time CXY could not hold its value
Also it shows that CAD has bullish market
Finding currency which is bearish, is great chance to have trade agains CXY
PlantX (CSE: VEGA)(OTCQB: PLTXF) Undergoes A Bullish BounceAfter tracking a multi-week downtrend amidst notable levels of background volatility both on the CSE and global exchanges as a whole, PlantX is riding upwards on a burst of bullish investor sentiment. VEGA.CN is trading +66% and PLTXF +45% since market open 5/19. While the plant-based sector as a whole has seen gains in recent days, PlantX's double digit gains outpace the competition by a significant factor (see VEGN, CSE Comp Index, and TTCF for examples of sectoral peer performance). VEGA.CN has likewise seen a surge in trade volume, as reflected in the PVT below and testifying to an uptick in investor engagement. Meanwhile, momentum indicators from the MACD point to the initiation of a bullish reversal. While a technical pullback is to be expected after such rapid gains, PlantX's share price gains in the past week are a sign that the market is responding positively to robust MoM revenue growth and an aggressive M&A strategy that is quickly transforming the company into a plant-based ecommerce giant serving an international consumer base.
AUDCAD LongHey traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.907 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USOIL LongHey traders, in the coming week we are monitoring USOIL for a buying opportunity around 110 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDCAD ShortHey traders, in this week we are monitoring AUDCAD for a selling opportunity around 0.909 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
AUDCAD ShortHey traders, in this week we are monitoring AUDCAD For a selling opportunity around 0.903 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD ShortHey traders, in this seek we are monitoring NZDCAD for a selling opportunity around 0.814 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD LongHey traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.29 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USOIL ShortHey traders, in the coming week we are monitoring USOIL for a selling opportunity around 111 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD ShortHey traders, in the coming week we are monitoring NZDCAD for a long term selling opportunity around 0.82 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
EURCAD LongHey traders, in today's trading session we are monitoring EURCAD for a buying opportunity around 1.36 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDCAD ShortHey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90500 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD ShortHey traders, in this week we are monitoring USDCAD for a selling opportunity around 1.30 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
EURCAD ShortHey traders, in this week we are monitoring EURCD for a selling opportunity around 1.362 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPCAD ShortHey traders, in this week we are monitoring GBPCAD for a selling opportunity around 1.592 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
