Crescent Point Energy Corp. and is pleased to announce an increase to its quarterly dividend, an updated return of capital framework, the disposition of non-core assets, updated 2022 guidance and the release of its annual Sustainability Report. KEY HIGHLIGHTS Achieved near-term net debt target earlier than anticipated, benefitting from proceeds of $300 million from asset dispositions. Increasing quarterly base dividend [...]
Crescent Point Energy Corp. and held its Annual General Meeting of Shareholders on May 19, 2022. 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 and advisory votes are below. 1. Fixing the Number of Directors The appointment of [...]
Crescent Point Energy Corp. is pleased to announce its operating and financial results for the quarter ended March 31, 2022 and an increase to its quarterly dividend. KEY HIGHLIGHTS Increasing quarterly dividend by over 40 percent to $0.065 per share, representing an annualized dividend of $0.26 per share. Repurchased approximately 13.5 million shares since December 2021 for total consideration of approximately $110 [...]
CALGARY, AB, May 5, 2022 /CNW/ - Crescent Point Energy Corp. announces that its Annual General Meeting will be held on May 19, 2022, 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 live webcast of the AGM will also be available. It will not be possible to vote, or otherwise participate in the meeting through the [...]
Crescent Point Energy Corp. plans to report its first quarter 2022 financial and operating results via press release prior to the opening of markets on Thursday, May 12, 2022. Crescent Point's management will hold a conference call at 10:00 a.m. MT the same day to discuss the Company's results and outlook. Participants can listen to this event online via webcast. Alternatively, the conference call can be accessed by [...]
Crescent Point Energy Corp. is pleased to announce that Mindy Wight will stand for election as an independent director to the Company's Board of Directors at the upcoming Annual General Meeting on May 19, 2022. "We are pleased to welcome Mindy to Crescent Point and believe she will be an invaluable addition given her extensive financial knowledge and range of experiences," said Barbara Munroe, Chair of the Board. "Beyond [...]
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 57,309,975 common shares, or 10 percent of the Company's public float, as of February 28, 2022. The NCIB is scheduled to commence on March 9, 2022,and is due to expire on March 8, 2023. Purchases of Crescent Point's common shares under the NCIB [...]
Crescent Point Energy Corp. and confirms the filing of its Annual Information Form for the year ended December 31, 2021, 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, 2021, which includes the AIF, with the United States Securities and Exchange Commission on the Electronic Data [...]
Crescent Point Energy Corp. and is pleased to announce its operating and financial results for the year ended December 31, 2021 and increased share repurchases. KEY HIGHLIGHTS Generated over $785 million of excess cash flow in 2021 with capital expenditures and production in-line with annual guidance. Increased PDP reserves by 17 percent with a strong FD&A recycle ratio of 2.7 times, including change in FDC. Replaced 197 [...]
Crescent Point Energy Corp. plans to report its fourth quarter and year-end 2021 financial and operating results and reserves via press release prior to the opening of markets on Thursday, March 3, 2022. Crescent Point's management will hold a conference call at 10:00 a.m. MT the same day to discuss the Company's results and outlook. Participants can listen to this event online via webcast. Alternatively, the conference [...]
Crescent Point Energy Corp. and is pleased to announce its formal 2022 capital expenditures budget and production guidance, another quarterly dividend increase beginning first quarter 2022, planned share repurchases and the renewal of its credit facilities. KEY HIGHLIGHTS Increased 2022 production guidance to 133,000 to 137,000 boe/d from the preliminary range of 131,000 to 135,000 boe/d. Disciplined capital expenditures [...]
Crescent Point Energy Corp. is pleased to announce its operating and financial results for the quarter ended September 30, 2021. KEY HIGHLIGHTS Generated over $180 million of excess cash flow, or over $580 million year-to-date, further enhancing balance sheet strength. Successfully commenced Kaybob Duvernay drilling program, with completions expected in fourth quarter 2021. Entered into farm-in agreement with a Kaybob [...]