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Crescent Point Energy Corp - CPG STOCK NEWS

Welcome to our dedicated news page for Crescent Point Energy (Ticker: CPG), a resource for investors and traders seeking the latest updates and insights on Crescent Point Energy.

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.

News
Crescent Point Plans Name Change to Veren
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
-
News
Crescent Point Receives Approval for Normal Course Issuer Bid
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
-
News
Crescent Point Announces Filing of 2023 Annual Information Form and Form 40-F
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
News
Crescent Point Announces 2023 Results & Reserves
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
-
News
Crescent Point Confirms Quarterly Dividend
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
-
News
Crescent Point Announces Q4 and Year-End 2023 Results Conference Call
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
Crescent Point to Host Investor Day
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
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News
Crescent Point Completes Strategic Alberta Montney Consolidation and Provides Improved 2024 and Five-Year Outlook
Rhea-AI Summary
Crescent Point Energy Corp. (CPG) successfully completes strategic acquisition of Hammerhead Energy Inc. and provides formal 2024 guidance and five-year plan, enhancing excess cash flow by 20 percent per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
Tags
none
-
News
Crescent Point Announces the Closing of CDN$500 Million Equity Offering
Rhea-AI Summary
Crescent Point Energy Corp. (TSX: CPG) (NYSE: CPG) has successfully completed a bought deal public offering of 48,550,000 Common Shares at a price of CDN$10.30 per share, generating gross proceeds of approximately CDN$500 million. The company also granted the Underwriters an over-allotment option to purchase an additional 15 percent of the Common Shares, potentially raising the total gross proceeds to approximately CDN$575 million. The net proceeds from the offering will be used to partially fund the acquisition of Hammerhead Energy Inc. or to reduce existing indebtedness, finance future growth opportunities, or for other general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
News
Crescent Point Announces CDN$500 Million Bought Deal Offering of Common Shares
Rhea-AI Summary
Crescent Point Energy Corp. has entered into an agreement with underwriters to purchase 48,550,000 common shares at $10.30 per share, resulting in gross proceeds of approximately CDN$500 million. The net proceeds will be used to partially fund the acquisition of Hammerhead Energy Inc., a Montney producer, for a total consideration of approximately CDN$2.55 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.26%
Tags
offering
Stock CPG logo
Crescent Point Energy Corp

NYSE:CPG

CPG Rankings

#1145 Ranked by Market Cap
#1855 Ranked by Stock Gains
#598 Ranked by Dividends

CPG Stock Data

5.47B
574.81M
0.5%
47.26%
2.4%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
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.