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Crescent Point Energy Corp T.CPG

Alternate Symbol(s):  CPG

Crescent Point Energy Corp. is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.


TSX:CPG - Post by User

Comment by jleer42on Mar 22, 2024 8:32am
139 Views
Post# 35946647

RE:RE:TD

RE:RE:TDThe name change is a waste of money, but the rest is really no change. The variable dividends were only to bring the shareholder return to 60%. With the last increase in the base dividend it was expected to be the last of the variable dividends. They will need to do a better job of managing share buybacks going forward, which isn't a bad thing. Also, they have clarified the return to shareholders will increase from 60% as debt gets repayed. Also not a bad thing.


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