STOCK TITAN

CRESCENT POINT ENERGY CORP. - $CPG STOCK NEWS

Welcome to our dedicated page for CRESCENT POINT ENERGY news (Ticker: $CPG), a resource for investors and traders seeking the latest updates and insights on CRESCENT POINT ENERGY stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CRESCENT POINT ENERGY's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CRESCENT POINT ENERGY's position in the market.

Rhea-AI Summary

Crescent Point Energy Corp. announces the sale of non-core assets to Saturn Oil & Gas Inc. in a $600 million cash transaction. The company aims to enhance long-term sustainability by focusing on operational execution, optimizing the balance sheet, and increasing the return of capital. The sale of assets in Saskatchewan is part of a strategic move to realize value for assets with impact on future plans.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
-
Rhea-AI Summary

Crescent Point Energy Corp. announces a conference call to discuss its first quarter 2024 financial and operating results on May 10, 2024. The call will be held at 8:00 a.m. MT (10:00 a.m. ET) with online webcast access. Participants can register online or dial in for operator assistance. The webcast will be archived for replay.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
-
Rhea-AI Summary

Crescent Point Energy Corp. announces its 2024 Annual and Special Meeting of Shareholders to be held virtually on May 10, 2024. Shareholders can participate through a live webcast, vote, and ask questions. The Company recommends advance proxy voting and provides details on how to attend and vote on its website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
none
Rhea-AI Summary
Crescent Point Energy Corp. announces name change to Veren Inc. at upcoming shareholder meeting. The rebranding reflects the company's positive transformation and commitment to ESG practices. The new name combines 'truth' and 'energy'. Shares to trade under symbol 'VRN' post-approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
none
-
Rhea-AI Summary
Crescent Point Energy Corp. announces a normal course issuer bid to repurchase up to 61,663,522 common shares, or 10% of the public float, starting on March 11, 2024, and ending on March 10, 2025. The company aims to enhance shareholder value through share repurchases at market prices or a discount.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
none
-
Rhea-AI Summary
Crescent Point Energy Corp. confirms the filing of its Annual Information Form and Form 40-F for the year ended December 31, 2023, providing reserves data and other oil and natural gas information. The documents are available on the company's website and regulatory platforms. Crescent Point shares are traded on the TSX and NYSE under the symbol CPG.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
none
Rhea-AI Summary
Crescent Point Energy Corp. announces strong financial results for 2023, with over $2.3 billion in adjusted funds flow, a 15% increase in quarterly base dividend, and a total return of capital to shareholders of $599.5 million. The company's net debt stands at approximately $3.7 billion, with a focus on operational execution, balance sheet strength, and returning capital to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
none
-
Rhea-AI Summary
Crescent Point Energy Corp. increases its quarterly cash base dividend by 15% to $0.115 per share, payable on April 1, 2024. The company targets returning 60% of excess cash flow to shareholders annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
dividends
-
Rhea-AI Summary
Crescent Point Energy Corp. plans to report its Q4 and year-end 2023 financial results on February 29, 2024. The management will discuss the results and outlook in a conference call. Participants can join via webcast or phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
none
News
Rhea-AI Summary
Crescent Point Energy Corp. will host an Investor Day to discuss corporate strategy, operational results, and long-term development plan. The event will be held on March 20, 2024, with both in-person and virtual attendance options available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.68%
Tags
conferences
CRESCENT POINT ENERGY CORP.

NYSE:CPG

CPG Rankings

CPG Stock Data

5.49B
574.81M
0.5%
47.26%
2.4%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Calgary

About CPG

Crescent Point Energy Corp. is an oil and gas company based in Calgary, Alberta, Canada. The company focuses primarily on light oil production in southern Saskatchewan and central Alberta. Since inception in 2001, Crescent Point has significantly increased its production.