CALGARY, Jan. 20, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has successfully closed the previously announced sale of certain associated gas infrastructure assets (the “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 pipelines with total throughput capacity of more than 90 MMcf/d.

Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a … Continue Reading

CALGARY, Jan. 20, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has successfully closed the previously announced sale of certain associated gas infrastructure assets (the “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 pipelines with total throughput capacity of more than 90 MMcf/d.

Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a … Continue Reading

CALGARY, Jan. 14, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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 fully funded at less than US$50/bbl WTI.

Annual average production guidance of 140,000 to 144,000 boe/d.

Capital expenditures of $1.10 to $1.20 billion, primarily comprised of

… Continue Reading

CALGARY, Nov. 14, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) to sell certain associated gas infrastructure assets (the “Assets”) in Saskatchewan to Steel Reef Infrastructure Corp. (“Steel Reef” or the “Purchaser”) for total cash consideration of $500 million.  

“Through the sale of these gas infrastructure assets, we will unlock value for our shareholders and further strengthen our financial position. We have now entered into agreements to sell, or have sold, in aggregate approximately $1.45 billion… Continue Reading

CALGARY, Oct. 31, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2019.

KEY HIGHLIGHTS

Executed approximately $950 million of dispositions year-to-date 2019 and continue to work toward finalizing the monetization of certain gas infrastructure assets in Saskatchewan.

Estimated net debt reduction of over $1.2 billion in 2019, driven by excess cash flow and asset dispositions.

Repurchased approximately 13.8 million shares year-to-date for total consideration of approximately $71 million.

Continued to enhance cost structure

… Continue Reading

CALGARY, Oct. 31, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point”) (TSX and NYSE: CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.01 per share to be paid on January 2, 2020 for shareholders of record on December 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 light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a responsible and sustainable … Continue Reading

CALGARY, Oct. 24, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) plans to report its third quarter 2019 financial and operating results via press release prior to the opening of markets on Thursday, October 31, 2019. Crescent Point’s management will host a conference call at 10:00 a.m. MDT (12:00 p.m. EDT) 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 dialing 1‑888‑390‑0605.

The webcast will be archived for … Continue Reading

CALGARY, Oct. 18, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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 returns by cost-effectively developing a focused asset base in a responsible and sustainable manner.

FOR MORE INFORMATION ON CRESCENT POINT … Continue Reading

CALGARY, Sept. 3, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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.

Net debt expected to improve to approximately $2.75 billion at year-end 2019, down from $4.40 billion prior to the changes in senior management in 2018. Transactions strengthen

… Continue Reading

CALGARY, July 25, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point”) (TSX and NYSE: CPG) 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 American light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a responsible and sustainable … Continue Reading

CALGARY, July 18, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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 (12:00 p.m. EDT) 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 dialing 1‑888‑390‑0605.

The webcast will be archived for … Continue Reading

CALGARY, June 14, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) held its Annual General Meeting (“AGM” or “the 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 (the “Board”) 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 was approved by a show of hands. Votes were … Continue Reading