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Crescent Point Energy's (CPG) CEO Scott Saxberg on Q4 2017 Results - Earnings Call Transcript

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Crescent Point Energy (NYSE:CPG) Q4 2017 Earnings Conference Call March 1, 2018 12:00 PM ET


Scott Saxberg - President and CEO

Neil Smith - COO

Ken Lamont - CFO


Ray Kwan - BMO Capital Markets


Good morning, ladies and gentlemen. My name is Brian, and I will be your conference operator today. At this time, I would like to welcome everyone to Crescent Point Energy year end 2017 conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session for members of the investment community. [Operator Instructions]

Thank you. This conference call is being recorded today and will also be webcast on Crescent Point's website, but may not be recorded or rebroadcast without the express consent of Crescent Point Energy.

All amounts discussed today are in Canadian dollars, unless otherwise stated. The complete financial statements and management's discussion and analysis for the period ending December 30, 2017, were announced this morning and are available on Crescent Point's website at www.crescentpointenergy.com and on SEDAR and EDGAR websites.

During the call, management may make projections or other forward-looking statements regarding the future events or future financial performance. Actual performance, events or results may differ materially. Additional information or factors that could affect Crescent Point's operations or financial results are included in Crescent Point's most recent Annual Information Form, which may be accessed through Crescent Point's website, the SEDAR website, and EDGAR website or by contacting Crescent Point Energy.

Management also calls your attention to the forward-looking information and non-GAAP measures sections of the press release issued earlier today.

I would now like to turn the call over to Mr. Scott Saxberg, President and CEO. Please go ahead, Mr. Saxberg.

Scott Saxberg

Thank you, operator. I'd like to welcome

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Comments (6)

Prezzo giusto profile picture
So tired of these brainless "Fire Saxberg"-comments. And i am a shareholder with considerable paper losses. Ofcourse errors have been made, nobody is without...But wen i look at shale price levels of other Canadian quality E&P's such as CVE, CJ, BNE, have those done so much better? Should all those CEO's be fired too. On the operational side, CPG has delivered and constantly grown net asset value per share. The worm will turn for Canadian E&P's and for CPG.
Patrick 1948 profile picture
The only thing I wish CPG would do is stop paying the dividend. I know it is only costing about 200 million a year but I would prefer that go to reduce debt. Cutting the dividend could improve the stock price. This is a stock that is selling for a little over 2 times cash flow. That is dirt cheap. Coincidentally their debt is also a little over 2 times cash flow.

I know this is the stock and CEO that gets little respect but they made a great purchase in Utah, their holdings in Saskatchewan are great, their hedging history is very good.
For the record, I work with crescent point energy and there is a lot of unfaithfulness with Saxberg. Many working at the company want him gone as well.
AD1894 profile picture
Just one question Lol, shows lack of interest in this stock. horrible purchase. Go saxberg go
Prezzo giusto profile picture
What an effort you put into your first comment!
BPS Medallion profile picture
Fire Saxberg
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