Crescent Point Energy Corp. is pleased to announce that it has successfully closed the previously announced sale of its Uinta Basin asset and certain non-core conventional assets in southeast Saskatchewan. These accretive dispositions are in-line with the Company's strategy to focus its asset base and strengthen its balance sheet. Crescent Point is a leading North American light oil producer, driven to enhance shareholder [...]
Crescent Point Energy Corp. is pleased to announce that it has entered into definitive agreements with select parties to sell its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for total cash consideration of approximately $912 million. KEY HIGHLIGHTS Agreements to sell 27,000 boe/d of upstream assets for approximately 4.7 times cash flow [...]
Crescent Point Energy Corp. is pleased to announce its operating and financial results for the quarter ended June 30, 2019. KEY HIGHLIGHTS Reduced net debt by over $450 million year-to-date 2019, primarily driven by excess cash flow and disciplined capital spending. Achieved cost improvements resulting in first half 2019 operating expenses approximately five percent below budget. Remain on track with annual guidance [...]
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 October 1, 2019 for shareholders of record on September 15, 2019. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." Crescent Point is a leading North [...]
Crescent Point Energy Corp. plans to report its second quarter 2019 financial and operating results via press release prior to the opening of markets on Thursday, July 25, 2019. Crescent Point's management will host a conference call at 10:00 a.m. MDT the same day to discuss the results and outlook for the Company. Participants can listen to this event online via webcast. Alternatively, the conference call can be accessed [...]
Crescent Point Energy Corp. held its Annual General Meeting on June 14, 2019. During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company and approved all other items of business brought before the meeting. Voting results for all resolutions are below. 1. Fixing the Number of Directors The appointment of 10 Board members for the ensuing year [...]
Crescent Point Energy Corp. announces that its Annual General Meeting to be held on June 14, 2019, as previously announced, will be located at the Imperial Ballroom of the Hyatt Regency Calgary at 10:00 a.m. MT . Shareholders are encouraged to attend the meeting. For those unable to attend, a webcast of the AGM will be available following the conclusion of the meeting. To access, visit the conference call and webcasts [...]
Crescent Point Energy Corp. is pleased to announce its operating and financial results for the quarter ended March 31, 2019. KEY HIGHLIGHTS Increased cash flow in 2019 based on return-focused capital allocation, lower costs, higher commodity prices and improved oil differentials. Expect to generate approximately $600 million of excess cash flow in 2019 based on guidance at current strip prices. Annual production and [...]
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 July 2, 2019 for shareholders of record on June 15, 2019. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." Crescent Point is a leading North American [...]
Crescent Point Energy Corp. plans to report its first quarter 2019 financial and operating results via press release prior to the opening of markets on Thursday, May 9, 2019. Crescent Point's management will host a conference call at 10:00 a.m. MST the same day to discuss the results and outlook for the Company. Participants can listen to this event online via webcast. Alternatively, the conference call can be accessed by [...]
AFTI WatchDog is pleased to announce that Crescent Point Energy Corp. and has selected the AFTI WatchDog as a key service provider to support its field automation strategy. AFTI WatchDog is the industry leader for low-cost oil well and pipeline monitoring. Our mission, to remove the routine well-site visit, has delivered thousands of hours back to field operators and operations groups. WatchDog reduces equipment [...]
Crescent Point Energy Corp. is pleased to announce that James E. Craddock and Jennifer F. Koury will stand for election to its Board of Directors at the Company's upcoming Annual General Meeting . "We're excited about having both Jim and Jennifer stand as new independent nominees," said Bob Heinemann, Chairman of the Board. "Through our search process, it was evident that their extensive backgrounds and industry [...]
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