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Bullboard - Stock Discussion Forum 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... see more

TSX:CPG - Post Discussion

View:
Post by retiredcf on Feb 29, 2024 9:21am

RBC

February 29, 2024

Crescent Point Energy Corp. 
Q4/23 Quick Take: AFFO Ahead of Street

TSX: CPG | CAD 9.69 | Outperform | Price Target CAD 13.00

Sentiment: Neutral

CPG's Q4/23 results were slightly better than the Street and released in tandem with the company's update reserve book, which was up across all categories reflective of the Hammerhead transaction completed in 2023. CPG's 2024 budget remains unchanged with a view to continued returns to shareholders and Montney development; the company repurchased and cancelled roughly $350mm in CPG stock (6% of float) during 2023. We expect 2024 to be operationally focused with minimal M&A, reflective of an active 2023 on the deal front.

Conference Call:

• Time: 10:00 am MT on February 29 • Dial-in: 1-800-390-0605

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