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.

CALGARY, AB , March 7, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 61,663,522 common shares, or 10 percent of the Company's public float, as at February 29, 2024. The NCIB is scheduled to commence on March 11, 2024 and is due to expire on March 10, 2025.

Crescent Point Receives Approval for Normal Course Issuer Bid

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Crescent Point came through a transition resulting in 20+ years of drilling inventory but higher debt. The company generates a high excess cash flow yielding 13% for 2024 while growing fast and repaying its debt. The production profile is becoming gassier with higher decline rates.

Crescent Point Energy: I Am Buying For A Possible 80+% Upside To Fair Value

Crescent Point Energy has transitioned from a zombie corporation to a cash generation machine. The company is now profitable enough to grow and pay a dividend. That is a rare accomplishment. Management's rare success in transforming the company puts it in a position to thrive. It also marks this management as excellent.

Crescent Point Energy Is Shifting From Transition To Growth

Crescent Point Energy Corp (CPG) Q4 2023 Earnings Call Transcript

CALGARY, AB , Feb. 29, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) confirms the filing of its Annual Information Form ("AIF") for the year ended December 31, 2023, 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, 2023, 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 2023 Annual Information Form and Form 40-F

CALGARY, AB , Feb. 29, 2024 /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, 2023. KEY HIGHLIGHTS  Transformed portfolio, increasing premium inventory to over 20 years and enhancing excess cash flow profile.

Crescent Point Announces 2023 Results & Reserves

Lower price realizations and an upward cost trajectory are likely to have dented Crescent Point Energy's (CPG) fourth-quarter results.

What to Look for in Crescent Point's (CPG) Q4 Earnings?

Crescent Point Energy's share price has fallen significantly since 2014, causing caution among investors. The company's acquisition of Montney lands from Spartan Delta last May raised concerns about excess debt. My current analysis suggests that Crescent Point's shares are undervalued, with a potential value of CDN$18.

Crescent Point Seems Undervalued

CALGARY, AB , Feb. 22, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) plans to report its fourth quarter and year-end 2023 financial and operating results via press release prior to the opening of markets on Thursday, February 29, 2024. Crescent Point's management will hold a conference call at 10:00 a.m.

Crescent Point Announces Q4 and Year-End 2023 Results Conference Call

CALGARY, AB , Feb. 15, 2024 /PRNewswire/ -  Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) will host an Investor Day where members of the Company's executive team will discuss Crescent Point's corporate strategy, operational results and long-term development plan. The Investor Day presentation will be held on the morning of March 20, 2024 and will begin at 8:15 a.m.

Crescent Point to Host Investor Day

We had Crescent Point Energy Corp. downgraded to "Hold" due to the expected drop in free cash flow yields and poor capital transactions. The stock has dropped significantly, lagging behind the broader market and Canadian energy ETFs. The gassy acquisition will be regretted in 2024 as the front-end AECO strip gets obliterated.

Crescent Point Gets Hit On The Head With A Hammer

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Two of these high-yield stocks favored by analysts are based across the Atlantic -- Sasol and Vodafone. The other two are headquartered in North America -- Canadian oil producer Crescent Point Energy and Florida holding company Icahn Enterprises.

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Crescent Point Energy management announces completion of company transition. Management is done remaking the company, but may consider future deals if the right opportunity arises. Shareholders may be frustrated with quarterly or annual results due to acquisitions and disposals, but things should become simpler going forward.

Crescent Point Energy: Transition Is Finally Over

The consensus price target hints at a 61.4% upside potential for Crescent Point (CPG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Crescent Point (CPG) Could Rally 61.42%: Here's is How to Trade

CALGARY, AB , Dec. 21, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has successfully completed its previously announced strategic acquisition of Hammerhead Energy Inc. ("Hammerhead"), an oil and liquids-rich Alberta Montney producer (the "Transaction"). The Company is also pleased to provide its formal 2024 guidance and five-year plan, which are significantly enhanced as a result of the Transaction.

Crescent Point Completes Strategic Alberta Montney Consolidation and Provides Improved 2024 and Five-Year Outlook

CALGARY, AB , Nov. 10, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has completed its previously announced bought deal public offering of Crescent Point common shares ("Common Shares") through a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets (collectively the "Underwriters"). Crescent Point issued 48,550,000 Common Shares at a price of CDN$10.30 per Common Share (the "Offering Price"), for gross proceeds of approximately CDN$500 million (the "Offering").

Crescent Point Announces the Closing of CDN$500 Million Equity Offering

Crescent Point Energy management completed the Hammerhead acquisition to improve company finances and grow more cheaply than organic growth. The value of 2P reserves comes for free. Crescent Point Energy faced financial stress due to debt and drop in cash flow when oil prices dropped back in 2015. It's now a far better company. Management is prioritizing debt payment and making accretive acquisitions like the Hammerhead acquisition to improve the company's financial situation and future prospects.

Crescent Point Energy: Management Found Another Bargain With Hammerhead Acquisition

Crescent Point Energy has announced its acquisition of Hammerhead Energy for approximately $2.55 billion. The purchase will enhance Crescent Point's drilling inventory profile. We tell you why we think the Data suggests that we look elsewhere for returns.

Crescent Point: Running After That Untamed Ornithoid

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Crescent Point Energy Corp (TSX:CPG) stock tumbled Monday after the company announced plans to acquire Hammerhead Energy in a cash and stock deal.  The move will create the seventh-largest exploration and production company in Canada with expected production of more than 200,000 barrels of oil equivalent per day in 2024.

Crescent Point Energy to acquire Hammerhead Energy in C$2.55B deal

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) today announced that it has entered into an agreement (the “Agreement”) with a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets (collectively the “Underwriters”) under which the Underwriters have agreed to purchase, on a bought deal basis 48,550,000 Crescent Point common shares (“Common Shares”) at $10.30 per Common Share for aggregate gross proceeds of approximately CDN$500 million (the “Offering”).

Crescent Point Announces CDN$500 Million Bought Deal Offering of Common Shares

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce that it has entered into an arrangement agreement (the “Agreement”) to acquire Hammerhead Energy Inc. (“Hammerhead”), an oil and liquids-rich Alberta Montney producer, for total consideration of approximately $2.55 billion, including approximately $455 million in assumed net debt, consisting of cash and common shares of the Company (the “Transaction”).

Crescent Point Transforms Portfolio with Strategic Alberta Montney Consolidation

Crescent Point Energy Corporation (NYSE:CPG ) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET Company Participants Craig Bryksa - President & CEO Kenneth Lamont - CFO Shant Madian - VP, Capital Markets Ryan Gritzfeldt - COO Conference Call Participants Amir Arif - ATB Capital Markets Travis Wood - National Bank Financial Operator Good morning, ladies and gentlemen. My name is John, and I will be your operator for Crescent Point Energy's Third Quarter 2023 Conference Call.

Crescent Point Energy Corporation (CPG) Q3 2023 Earnings Call Transcript

CALGARY, AB , Nov. 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 quarter ended September 30, 2023. KEY HIGHLIGHTS Generated third quarter excess cash flow of $322 million ($0.60 per share), with full-year 2023 expected to total over $1.0 billion.

News for Crescent Point Energy Stock (CPG)