Crescent Point: Increasing Production And Improved Leverage Ratios

Feb. 20, 2023 4:16 AM ETVeren Inc. (VRN) Stock, VRN:CA StockVRN, VRN:CA19 Comments
SM Investor
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Summary

  • Oil prices decreased in the past few months. However, they are higher than the 5-year average.
  • Crescent Point’s new Kaybob Duvernay assets will increase its oil production by more than 4,000 BOE/d in 2023.
  • The liquidity condition of Crescent Point Energy improved during the preceding year.
  • CPG’s leverage ratios indicate more sufficient condition year-over-year compared with their amounts in 3Q 2021.
  • CPG stock is a buy.

Oil Field.

Leonid Ikan

On 9 December 2022, Crescent Point Energy (CPG) announced it has agreed to acquire additional Kaybob Duvernay assets. This acquisition adds 130 net drilling locations to CPG’s assets, increasing the company’s 1Q 2023 base dividend by 25% to $0.10 and increasing

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