Crescent Point Energy Corp. plans to report its first quarter 2020 financial and operating results via press release prior to the opening of markets on Wednesday, May 6, 2020. Crescent Point's management will hold a conference call at 10:00 a.m. MT the same day to discuss the results and outlook for the Company. Participants can listen to this [...]
Crescent Point Energy Corp. will now hold its upcoming Annual and Special Meeting of Shareholders solely by virtual means. The AGM will be held at the originally scheduled date and time on May 14, 2020 at 10:00 a.m. MT, but it will now be conducted by way of live audio webcast. The timing and process for voting by proxy remains unchanged and are [...]
Crescent Point Energy Corp. is taking additional action to further enhance the Company's long-term sustainability through additional cost reductions, and is including a revised 2020 outlook. KEY HIGHLIGHTS Lowering 2020 capital expenditures guidance by $75 million, or 10 percent, with no associated impact to production. Maintaining flexibility to [...]
Crescent Point Energy Corp. is revising its 2020 capital spending by approximately 35 percent in response to the recent decline in commodity prices. This conservative and disciplined approach demonstrates the Company's flexibility, focus on returns and prudent risk management to protect its balance sheet. "Our original plans for 2020 centered on [...]
Crescent Point Energy Corp. confirms the filing of its Annual Information Form for the year ended December 31, 2019, with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval . In addition, Crescent Point has filed its Form 40-F for the year ended December 31, 2019, which includes the AIF, with the [...]
Crescent Point Energy Corp. is pleased to announce its operating and financial results for the year ended December 31, 2019. KEY HIGHLIGHTS Successfully completed 2019 program on budget, demonstrating strong operational execution and capital discipline. Reduced net debt by approximately $1.25 billion in 2019, or $1.75 billion including closing of [...]
Crescent Point Energy Corp. is pleased to announce the Toronto Stock Exchange has accepted its notice to implement a normal course issuer bid to purchase, for cancellation, up to 36,884,438 common shares, or seven percent of the Company's public float, as at February 28, 2020. The NCIB is scheduled to commence on March 9, 2020 and is due to expire [...]
Crescent Point Energy Corp. announces its Board of Directors has declared a quarterly cash dividend of CDN $0.01 per share to be paid on April 1, 2020 for shareholders of record on March 15, 2020. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are [...]
Crescent Point Energy Corp. plans to report its year-end 2019 financial and operating results and reserves via press release prior to the opening of markets on Thursday, March 5, 2020. Crescent Point's management will host a conference call at 10:00 a.m. MT the same day to discuss the results and outlook for the Company. Participants can listen to [...]
Crescent Point Energy Corp. is pleased to announce that it has successfully closed the previously announced sale of certain associated gas infrastructure assets in Saskatchewan for total cash consideration of $500 million. The Assets sold as part of this transaction include nine natural gas gathering and processing facilities and two gas sales [...]
Crescent Point Energy Corp. is pleased to announce its 2020 budget. KEY HIGHLIGHTS Expect to generate approximately $200 million to $350 million of excess cash flow in 2020 at US$55/bbl to US$60/bbl WTI, allowing for continued net debt reduction and accretive share repurchases. Disciplined and returns focused budget centered in key focus areas and [...]
Crescent Point Energy Corp. is pleased to announce that it has entered into a definitive agreement to sell certain associated gas infrastructure assets in Saskatchewan to Steel Reef Infrastructure Corp. for total cash consideration of $500 million. "Through the sale of these gas infrastructure assets, we will unlock value for our shareholders and [...]