Amazing sell off

[phoenix64]

Seems as though canada is the ugly girl at the dance this morning, tsx down 320 points on the continued sell off of oil stock

[errolanderson]

Canada entered a recession likely late summer, this will placed an exclamation mark on it.

Energy sector washout with Cdn banks attached to it. Real estate next?

[bucket]

What is the dollar doing?

Bank stocks might go down but their profits are secure.

[cottonpicken]

Incredible,cresent point down nearly 50% since july.

[bucket]

Wouldn't oil producers be using the same marketing techniques that farmers are learning now?

Wouldn't they have presold production for years out?

Just asking?

Wouldn't their lenders expect it?

[cottonpicken]

Ballparking off their findncials,cp is 50% hedged at 90.

So easy numbers 50% cut in price to 50% percent of revenues is 25%.

Gross revenue in q3 1.1b,net 258m=25%net/gross

May have to cut some dividend,but i doubt they are in any trouble.

This is all ballpark 10 minutes of reading stuff,so no clue how accurate.