Brief: Crescent Point Provides Preliminary 2024 Budget And Updated Five-Year Outlook

Veren

11/09/2023 12:31

Crescent Point Energy Corp  CPG.TO :
    * CRESCENT POINT PROVIDES PRELIMINARY 2024 BUDGET AND
UPDATED
FIVE-YEAR OUTLOOK
    * CRESCENT POINT ENERGY CORP: LONGER-TERM OUTLOOK WITH
PRODUCTION
INCREASING TO 180,000 BOE/D BY 2028
    * CRESCENT POINT ENERGY CORP: SEES ANNUAL PRODUCTION OF
145,000 TO
151,000 BOE/D IN 2024 BASED ON DEVELOPMENT CAPITAL EXPENDITURES
OF $1.05 TO $1.15 BILLION
    * CRESCENT POINT ENERGY CORP: SEES GENERATING SIGNIFICANT
EXCESS
CASH FLOW OF OVER $1.0 BILLION IN 2024 AT US$80/BBL WTI
    * CRESCENT POINT ENERGY CORP: NET DEBT IS EXPECTED TO TOTAL
ABOUT
$1.7 BILLION AT YEAR-END 2024

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