themoneynarrative 3-month report card – Crescent Point Energy (CPG.TO)

Report publication date: November 2, 2017
Recommendation: We like Canadian oil and gas producers such as Crescent Point Energy (CPG.TO), particularly under $9.00.  In view of recent price movement and our expectation of higher oil and gas prices, we would be prepared to pay more at this stage,

EIA weekly figures

The U.S. Energy Information Administration (EIA) published its weekly figures at 11:00 AM this morning owing to the Christmas week holiday schedule.  As ongoing evidence of shrinking petroleum reserves, total stocks in the past week declined 8.7 million barrels, including a decline of 4.5 million barrels for crude oil.  These numbers out of the U.S.,

themoneynarrative oil and gas commentary (making progress)

In this morning’s weekly report, the U.S. Energy Information Administration (EIA) revealed that total petroleum stocks declined 14.2 million barrels from the prior week.  This is a large decline, and underscores that OPEC’s views about the market gradually coming back into balance have merit.  Predictably, oil stocks reacted very favourably to

themoneynarrative report card – Crescent Point Energy (CPG.TO)

Report publication date: November 2, 2017
Recommendation: We like Canadian oil and gas producers such as Crescent Point Energy (CPG.TO), particularly under $9.00.  In view of recent price movement and our expectation of higher oil and gas prices, we would be prepared to pay more at this stage,

themoneynarrative investing and petroleum industry commentary

Themoneynarrative is a firm believer in independent thinking.  Long-term investing success requires a disciplined and unemotional approach that considers global, regional, sector and corporate factors.  Information is critical, but evaluation of its value and veracity is key.  Seeing the forest, and not just the trees, is more than just an expression.