RE:CPGSnippet from RBC.
August 25, 2023 Crescent Point Energy Corp. Pruning the Portfolio – Disposition of North Dakota Our view: Crescent Point’s disposition of its North Dakota assets reinforces its focus on liquids-rich WCSB prospects and primary development in the Montney and Duvernay. The $675 million transaction figure was within the range of our original target value (albeit at the low end) and cleans up the portfolio, paving the way for a more focused footprint and providing liquidity for potential future bolt-ons. Reiterate Outperform.