RE:CIBC Notes WTI now over $90 USD should bode well for that price target.. ;-)
Crescent Point: Crescent Point achieved its near-term net debt target of $1.3B earlier than anticipated, with proceeds from the sales of non-core Saskatchewan Viking assets and East Shale Duvernay assets. Beginning in Q3/22, the company will target the return of up to 50% of its excess discretionary cash flow to shareholders through a combination of share
repurchases and special dividends. On strip pricing, we expect the company to generate ~$727MM excess discretionary cash flow in H2/22 (suggesting ~$300MM is available to accelerate capital return to shareholders).
CIBC's target is $16.00. GLTA