Brief: Crescent Point Announces 2022 Results & Reserves

Veren

02/03/2023 12:20

March 2 (Reuters) - Crescent Point Energy Corp  CPG.TO :
    * CRESCENT POINT ANNOUNCES 2022 RESULTS & RESERVES
    * REMAINS ON TRACK WITH PREVIOUSLY RELEASED 2023 AVERAGE
PRODUCTION GUIDANCE OF 138,000 TO 142,000 BOE/D
    * CO'S 2023 BUDGET EXPECTED TO GENERATE SIGNIFICANT EXCESS
CASH
FLOW OF ABOUT C$1.0 BILLION AT $75/BBL WTI
    * IN FIVE-YEAR PLAN, EXPECTS TO GENERATE OVER C$4.2 BILLION
OF
CUMULATIVE AFTER-TAX EXCESS CASH FLOW FROM 2023 TO 2027

Source text for Eikon:  ID:nCNWlBS8ja 
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