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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. provides preliminary 2024 budget and updated five-year outlook. Annual production expected to be 145,000 to 151,000 boe/d in 2024 with development capital expenditures of $1.05 to $1.15 billion. Excess cash flow of over $1.0 billion expected in 2024 at US$80/bbl WTI. Increasing proportion of capital allocated to Kaybob Duvernay and Alberta Montney. Shareholders to receive approximately 60% of excess cash flow through dividends and share repurchases. Disciplined growth of 5% per year with production increasing to 180,000 boe/d by 2028. Significant cumulative after-tax excess cash flow of over $4.3 billion expected in updated five-year plan at US$75/bbl WTI.
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-2.04%
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Rhea-AI Summary
Crescent Point Energy Corp. announces agreement to sell North Dakota assets for US$500 million in cash
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-2.82%
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2.78%
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2.78%
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Rhea-AI Summary
Crescent Point Energy Corp. plans to report its Q2 2023 financial and operating results on July 26, 2023. A conference call will be held to discuss the results and outlook.
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-0.13%
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0.77%
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0.45%
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Rhea-AI Summary
Crescent Point Energy Corp. has shut-in its Kaybob Duvernay production due to Alberta wildfires. The company is temporarily shutting back-in the remainder of its 45,000 boe/d of production in the area as a precautionary measure. No damage has been reported to the company's assets. Crescent Point plans to restart production once permitted to do so.
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-2.38%
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-0.74%
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Crescent Point Energy Corp.

NYSE:CPG

CPG Rankings

CPG Stock Data

5.31B
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.