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Message: Crescent Point - huge jump today

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Crescent Point - huge jump today

posted on Feb 23, 11 07:51PM (Log in to use the IP Check tool) ^[?]

Crescent Point Energy jumped up $1.19 today and closed at $45.83. This is good news indeed seeing as there is limited pipeline capacity to get their oil to market, and tanker trucks are currently in great demand and oil storage facilities are full to capacity. I guess its speculators driving up the price based on the troubles in Libya, Tunisia, Egypt, Yemen, Bahrain. It makes you wonder how high the price of oil will go seeing as there is clearly a shipping and storage problem in Western Canada and Cushing , Oklahoma at present.

I posted an interesting article on Paul Colborne in the Off Topic Forum for hockey fans.

Cheers; Scott

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