CALGARY, AB, July 30, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended June 30, 2020. The Company’s Board of Directors (the “Board”) is also pleased to announce the appointment of a new director.

KEY HIGHLIGHTS 

Capital expenditures trending to lower end of guidance due to expected well cost savings of over 10 percent in 2020.

Enhanced financial flexibility with continued net debt reduction now totaling over $450 million year-to-date.

Released second annual sustainability report and established

… Continue Reading

CALGARY, AB, July 30, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on October 1, 2020 for shareholders of record on September 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 considered “qualified dividends.”

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice President, … Continue Reading

CALGARY, AB, July 23, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) plans to report its second quarter 2020 financial and operating results via press release prior to the opening of markets on Thursday, July 30, 2020. Crescent Point’s management will hold a conference call at 10:00 a.m. MT (12:00 p.m. ET) 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 dialing 1–888–390–0605.

The webcast will be archived … Continue Reading

CALGARY, AB, June 23, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) has released its 2020 Sustainability Report (the “Report”) highlighted by an emissions intensity reduction target of 30 percent by 2025. The Report outlines the Company’s latest progress and commitment to strong environmental, social and governance (“ESG”) performance.

Additional highlights of the Report include:

An effective risk-management response to the COVID-19 pandemic, demonstrating continued operational excellence and showcasing how the Company prioritizes the safety of staff and its operating area communities.

Significantly decreased asset retirement obligations by over $220 million

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CALGARY, May 15, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) received notice from the New York Stock Exchange (“NYSE”) on April 20, 2020, that the Company’s common stock was not in compliance with the NYSE’s continued listing standard requiring the average closing price of its common shares be at least US$1.00 over a consecutive 30-day trading period.

Under NYSE rules, Crescent Point can regain compliance at any time during the granted cure period ending December 29, 2020, by having a closing share price and a 30 trading-day average … Continue Reading

CALGARY, May 14, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) held its Annual and Special Meeting of Shareholders (“AGM” or “the meeting”) on May 14, 2020.

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 and advisory votes are below.

1.         Fixing the Number of Directors

The appointment of nine Board members for the ensuing year was approved. Votes … Continue Reading

CALGARY, May 6, 2020 /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 March 31, 2020.

KEY HIGHLIGHTS

Successfully closed the sale of certain gas infrastructure assets for $500 million.

Delivered $50 million of permanent operating expense savings, as previously announced.

Recently announced $75 million reduction to capital budget with no associated impact to production.

Took decisive actions to revise 2020 capital expenditures and voluntarily shut-in production, preserving long-term value.

Reduced net debt by $437 million in first

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CALGARY, May 6, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point”) (TSX and NYSE: CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on July 2, 2020 for shareholders of record on June 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 considered “qualified dividends.”

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice President, Investor … Continue Reading

CALGARY, April 29, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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 (12:00 p.m. ET) 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 … Continue Reading

CALGARY, April 21, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) will now hold its upcoming Annual and Special Meeting of Shareholders (the “AGM”) 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 described in detail in the information circular or the AGM notice previously mailed to shareholders. Shareholders are reminded … Continue Reading

CALGARY, April 20, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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 further reduce capital expenditures, if necessary.

Enhancing sustainability by reducing 2020 operating expenses by $140 million.

Reduced salaries for executive team and Board of Directors.

Lowering annual production guidance by 15 percent, primarily due

… Continue Reading

CALGARY, March 16, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) 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 returns, capital discipline, cost savings initiatives and balance sheet strength,” said Craig Bryksa, President and CEO of Crescent Point. “Given the recent severe volatility in the near-term outlook for commodity prices, we … Continue Reading