Wednesday, February 24, 2021
11:28 AM EST – Crescent Point Energy Corp : Announced its operating and financial results for the year ended December 31, 2020. The Company’s adjusted funds flow totaled $874.4 million , or $1.64 per share diluted. In the fourth quarter, adjusted funds flow totaled $220.2 million , or $0.41 per share diluted. The Company recorded a non-cash asset impairment charge of $3.6 billion ($2.7 billion after-tax) in first quarter 2020, primarily due to a significant decrease in the independent engineering price forecast. This resulted in Crescent Point incurring a net loss of $2.5 billion for the year ended December 31, 2020. Crescent Point Energy Corp
(T.CPG ) shares were up $0.15 at 5.14.
Stocks in Play: Crescent Point Energy Corp, Wed, 24 Feb 2021 11:30:01 EST