Brief: Crescent Point Announces Sale Of Its North Dakota Assets

Veren

24/08/2023 16:11

Aug 24 (Reuters) - Crescent Point Energy Corp  CPG.TO :
    * CRESCENT POINT ANNOUNCES SALE OF ITS NORTH DAKOTA ASSETS
    * CRESCENT POINT ENERGY CORP - PROPOSED DEAL FOR US$500
MILLION
    * CRESCENT POINT ENERGY CORP- ALSO DECREASING DEVELOPMENT
CAPITAL
EXPENDITURES GUIDANCE FOR 2023 BY ABOUT $100 MILLION, TO A RANGE
OF $1.05 TO $1.15 BILLION
    * CRESCENT POINT ENERGY CORP- LOWERING ITS 2023 ANNUAL
AVERAGE
PRODUCTION GUIDANCE TO A RANGE OF 156,000 TO 161,000 BOE/D
    * CRESCENT POINT ENERGY CORP - CRESCENT POINT PLANS TO
RELEASE ITS
PRELIMINARY 2024 BUDGET ALONG WITH AN UPDATED FIVE-YEAR PLAN
THIS FALL
    * CRESCENT POINT- PRO-FORMA NET DEBT EXPECTED TO TOTAL LESS
THAN
$2.2 BILLION, OR LESS THAN 1.0 TIMES ADJUSTED FUNDS FLOW, AT
YEAR-END 2023 AT CURRENT COMMODITY PRICES

Source text for Eikon:  ID:nCNW9SCVXa 
Further company coverage:  CPG.TO