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FP/wire say Crescent Point mulls selling some assets

[PUNJABI]

Crescent Point Energy Corp (C:CPG)
Shares Issued 579,484,032
Last Close 2/7/2022 $8.34

Tuesday February 8 2022 - In the News

The Financial Post reports in its Tuesday, Feb. 8, edition that Crescent Point Energy is looking to sell some of its assets in Alberta and Saskatchewan that could fetch about $500-million, says an unnamed industry source and marketing documents. A Reuters dispatch to the Post reports that documents indicate Crescent Point is offering the assets for sale in three packages. Combined, the documents say the assets are estimated to have output near 10,554 barrels of oil equivalent per day. Crescent Point has retained National Bank Financial as its adviser on the planned sale, according to the marketing documents. Reuters reports that Crescent Point and National Bank did not immediately respond to e-mailed requests for comment. Reuters says that Crescent has been eyeing sales of non-core assets since it took over European oil major Shell's Kaybob Duvernay assets for $900-million in February last year. The Canadian oil sands company, which sold some conventional oil and gas producing assets in southeast Saskatchewan for $93-million in June, hiked its quarterly dividend by 50 per cent and announced up to $100-million in share repurchases in December.

[Creemore77]

So Financial Post thinks Crescent Point is a 'Canadian oil sands company'? 

[Moemoney42]

Ya I had to laugh at that too.. real good reporting eh.. LOL..