CPG, Crescent Point Energy

cpg b feb 29 2012CPG feb 29 2012

Whereas some stocks have done very little over the past 10+ years, that is certainly not the case with Crescent Point which has gone from under $2 to above $46. We would sell it now. Veritas has a $50 target on it but we doubt that it will go much above $48 given the above “wedge”. The extra dollar or two is not worth waiting for considering the downside risk this sort of pattern usually entails.