Crescent Point Energy

Crescent Point Energy Corp. engages in the exploration, development and production of oil and gas properties. Its focus areas include: Viewfield Bakken, Flat Lake Torquay, and Shaunavon. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas. The NorthStar Clean Energy segment is involved in domestic independent power production including the development and operation of renewable generation and the marketing of independent power production. The company was founded in 1987 and is headquartered in Jackson, MI.

Another small acquisition adds to Crescent Point Energy Corp.'s growth prospects. The company now returns 50% of free cash flow to shareholders.

Crescent Point Energy: More Growth Where That Came From

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Crescent Point Energy Corp (TSX:CPG) has announced plans to buy Spartan Delta Corp's oil and gas assets in the Montney region of Alberta for C$1.7 billion (US$1.24 billion). Calgary-based Crescent Point said its 600 new Montney locations are adjacent to the Kaybob Duvernay assets that it bought over the past two years.

Crescent Point Energy acquires Spartan Delta's oil and gas assets in Alberta

CALGARY, AB , March 28, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with Spartan Delta Corp. ("Spartan") to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash (the "Transaction" or "Acquisition"). "Over the past five years, we have fundamentally rebuilt and strengthened Crescent Point," said Craig Bryksa, President and CEO of Crescent Point.

Crescent Point Announces Strategic Montney Acquisition

Is Crescent Point Energy (CPG) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Consider Crescent Point Energy (CPG) Stock?

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Crescent Point Energy benefited immensely during 2022 thanks to the booming oil and gas prices. This saw them deleverage significantly and also start directing more cash toward shareholder returns.

Crescent Point Energy: Their Shares Becoming Much Rarer

Crescent Point Energy Corp. is to pay out a 4.3% dividend yield to investors who hold the stock as of 10 March. If oil prices average $75 WTI, Crescent Point stock is priced at 5x free cash flow.

Crescent Point Energy: Strong Yield For Those That Buy Now

Crescent Point Energy Corp (NYSE:CPG ) Q4 2022 Results Conference Call March 2, 2023 12:00 PM ET Company Participants Craig Bryksa - President, CEO and Non-Independent Director Kenneth Lamont - CFO Ryan Gritzfeldt - COO Conference Call Participants Travis Wood - National Bank Chris Sakai - Singular Research Operator Good morning, ladies and gentlemen. My name is Sylvie, and I will be your conference operator for Crescent Point Energy's Fourth Quarter 2022 Conference Call.

Crescent Point Energy Corp (CPG) Q4 2022 Earnings Call Transcript

CALGARY, AB , March 2, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) confirms the filing of its Annual Information Form ("AIF") for the year ended December 31, 2022, with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval ("SEDAR"). In addition, Crescent Point has filed its Form 40-F for the year ended December 31, 2022, which includes the AIF, with the United States Securities and Exchange Commission on the Electronic Data Gathering, Analysis and Retrieval ("EDGAR") system.

Crescent Point Announces Filing of 2022 Annual Information Form and Form 40-F

CALGARY, AB , March 2, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2022. KEY HIGHLIGHTS  Generated significant excess cash flow of approximately $1.2 billion, driven by a strong netback asset base.

Crescent Point Announces 2022 Results & Reserves

CALGARY, AB , March 2, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared a special dividend and confirms the previously announced quarterly base dividend in alignment with the Company's return of capital framework. A special cash dividend of $0.032 per share based on Crescent Point's fourth quarter 2022 financial results will be paid on March 17, 2023 to shareholders of record on March 10, 2023.

Crescent Point Confirms Quarterly Dividend and Declares Special Dividend

CALGARY, AB , Feb. 23, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) plans to report its fourth quarter and year-end 2022 financial and operating results via press release prior to the opening of markets on Thursday, March 2, 2023. Crescent Point's management will hold a conference call at 10:00 a.m.

Crescent Point Announces Q4 and Year-End 2022 Results Conference Call

Oil prices decreased in the past few months. However, they are higher than the 5-year average. Crescent Point's new Kaybob Duvernay assets will increase its oil production by more than 4,000 BOE/d in 2023.

Crescent Point: Increasing Production And Improved Leverage Ratios

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CPG is paying 50% of Excess Cash to shareholders, and that's growing. CPG has cleaned up its balance sheet and has made smart acquisitions which are already paying dividends.

Crescent Point Energy: Built For The Long Run

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Crescent Point Energy production is mostly unhedged for 2023. Let's put a spotlight on this bearish aspect. Let's fully air this out. CPG's shareholder returns profile of 12.5% total yield discussed.

Crescent Point Energy: Pessimism Is Fully Priced, 12.5% Total Yield

Crescent Point Energy surprised the markets with an acquisition. The purchase was a bit of a drift from its capital return and deleveraging strategy.

Crescent Point: Acquisition And Impact On Future Returns

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CALGARY, AB , Dec. 9, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce it has entered into an agreement to acquire additional Kaybob Duvernay assets and is increasing its base dividend. KEY HIGHLIGHTS  Kaybob Duvernay acquisition adds 130 net locations and increases drilling inventory in the play to over 20 years.

Crescent Point Acquires Kaybob Duvernay Assets and Increases Base Dividend by 25%

Crescent Point Energy achieved their net debt target earlier in 2022 thanks to the booming oil and gas prices. As a result, they are now providing higher shareholder returns via share buybacks and special dividends.

Crescent Point Energy: Autopilot In 2023, Big Things Possibly Coming In 2024

CPG's operating netback increased from Cdn$44.15 in 3Q 2021 to Cdn$59.28 in 3Q 2022. WTI crude oil price decreased in the past few weeks due to the increased number of COVID-19 new cases in China.

Crescent Point Energy: The Stock Is Undervalued

Crescent Point Energy is likely to return +12.5% combined total return in 2023. This combined total return includes a base dividend of 3.1%.

Crescent Point Energy: Potential +12.5% Combined Total Return, Perhaps More

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