RE:Take AdvantageAs I've predicted, expect another dividend increase for Q3.. by guess was a bump to 8 cents/quarter.. lets see how close I come when the numbers come out next month.. this new article from Seeking Alpha confirms my suspicions.. ;-)
"In the first quarter of 2022, CPG’s netback and adjusted funds flow from operations netback increased by 78% (YoY) and 83% (YoY) to C$62.33 million and C$44.68 million, respectively. Crescent increased its drilling and development expenditures from C$105.6 million in 1Q 2021 to C$188.2 million in 1Q 2022. In the first quarter of 2022, Crescent Point increased its quarterly dividend by 40% to US$0.065 and repurchased 13.5 million shares, worth US$110 million. “As a result of our execution, improving financial position, and focus on returning capital to shareholders, we are further increasing our dividend,” the CEO said. “We also remain active on our share repurchase plan given our compelling valuation and the investment opportunity it provides to enhance our per-share metrics,” he continued."