Tuesday, January 14, 2020
9:55 AM EST – Crescent Point Energy Corp. : Announced its 2020 budget. The company expects to generate approximately $200 million to $350 million of excess cash flow in 2020 at $55 U.S./bbl to $60 U.S./bbl WTI, allowing for continued net debt reduction and accretive share repurchases. The company also expects 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 sustaining capital. Crescent Point Energy Corp. (T.CPG) shares were down $0.01 at 5.9.
Stocks in Play: Crescent Point Energy Corp., Tue, 14 Jan 2020 09:57:58 EST