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Crescent Point Energy Corp (CPG): Price Down $-0.13 (-3.12)% Over Past Day, Down $-0.08 (-1.95)% Over Past Hour
At the moment, CPG (
Get Ratings)’s price is down $-0.08 (-1.95%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as CPG has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the
clearest trend on the 100 hour timeframe. Of note is that the 100 and 200 hour changed directions on CPG; they are now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
10 Cheap Oil Stocks Under $10
Oil stocks got clobbered in 2020 as demand crashed and plants shuttered. The entire energy industry is still feeling the reverberations of the crisis and in flux amid the extreme volatility in oil prices. The companies behind the American shale boom are now struggling to generate substantial returns for their shareholders. A decade ago, oil and gas companies represented over 10% of the S&P 500 by market capitalization. Now this number has fallen to just 4% of the index. In 2019, the collective revenue generation of these companies in the Forbes Global 2000 list of largest companies was more than any other sector, as reported by GlobalData. Leading the list was the state-owned company, Saudi Aramco, which called itself the most profitable oil company in the world, generating a revenue of $111 billion during the 2019 fiscal year. Other industry leaders like Royal Dutch Shell plc (NYSE: RDS-A) also posted robust returns. However, some oil companies like Ex
We re #34! Pot stocks, energy sector lead TSX in Q1 bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Estevan– Mid-February to the first week of March is traditionally the peak of the year for oilwell drilling activity. And on Feb. 22, there were 31 drilling rigs working in Saskatchewan, down markedly from the previous two years. According to Rig Locator (riglocator.ca), in 2020 there were 65 rigs working on the same date, and 52 rigs working on that date in 2019. During the boom years, from 2008-2014, there would be closer to 100 rigs working. While the current number couldn’t be considered great by any means, it is significantly higher than the zero rigs that were drilling in the first part of the summer of 2020, when oil markets were initially recovering from the shock of the COVID-19 pandemic.
Drilling season peaking with 31 rigs working carlyleobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carlyleobserver.com Daily Mail and Mail on Sunday newspapers.