With many stocks in the energy sector, it is all about being able to service the debt-load on the balance sheet. Crescent Point Energy (CPG) is attractive in that it has solid growth prospects and has made improvements with relation to its cash-flow and debt profile. Furthermore, as we can see from the chart below, the technicals are bullish. This is one of the few companies in the E&P space which has undergone a clear breakout above the June highs in recent sessions. Furthermore, volume has been there is spades since the start of November to accompany the rally. Liquidity is not as healthy in CPG although we do have a $2.50 strike available for puts or calls and IV is not as high as other viable candidates (73%).