Brief: Crescent Point Energy Corp Proposed Deal For $2.55 Billion To Acquire Hammerhead Energy

Veren

06/11/2023 22:11

Nov 6 (Reuters) - Crescent Point Energy Corp  CPG.TO :
    * CRESCENT POINT ENERGY CORP - PROPOSED DEAL FOR $2.55
BILLION
    * CRESCENT POINT ENERGY CORP: TO ACQUIRE HAMMERHEAD ENERGY
    * CRESCENT POINT ENERGY CORP - DEAL ACCRETIVE TO 2024
METRICS
    * CRESCENT POINT ENERGY CORP: PLAN TO INCREASE BASE DIVIDEND
BY 15
PERCENT TO $0.46 PER SHARE ON AN ANNUAL BASIS
    * CRESCENT POINT ENERGY CORP - DEAL ENHANCES EXCESS CASH
FLOW PER
SHARE BY OVER 15 PERCENT, ON AVERAGE, THROUGHOUT FIVE-YEAR PLAN
    * CRESCENT POINT ENERGY CORP SEES 2024 ON DEVELOPMENT
CAPITAL
EXPENDITURES OF $1.45 TO $1.55 BILLION
    * CRESCENT POINT ENERGY- REVISED 2024 PRELIM GUIDANCE, WHICH
INCORPORATES TRANSACTION, INCLUDES ESTIMATED ANNUAL PRODUCTION
OF 200,000 TO 208,000 BOE/D

Source text for Eikon:  ID:nGNX3KTBpV 
Further company coverage:  CPG.TO 

 ((Reuters.Briefs@thomsonreuters.com))