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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

Post by ascii2on Jul 05, 2022 7:36pm
346 Views
Post# 34803658

Thank god they did not buy XTO Energy at 1.9 Billion

Thank god they did not buy XTO Energy at 1.9 BillionIf they had bought that then debt would have increased quite a bit. Now CPG will be debt free before the end of next year and then gravy will be distributed between less number of shares (after buybacks). No other north american company has PE ratio around 1.4, paying down debt, buying back shares, giving dividend (measly but still it is there). On target to achive debt level below 1.3 before the end of 3rd quater (within 85 days as 5 days have passed) to increase dividend. Wareen Buffett is investing in Occidental Petroleum and Suncor. He says "dont buy a farm thinking that it will rain next day, he buys it for 4-5 or more years to average higher returns.
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