Morningstar - Crescent Point Energy Corp. (CPG) Crescent Point Maintains Positive Momentum with Strong Second Quarter

Report

Morningstar

Dave Meats

EUR 147.86 For Business Accounts Only

Crescent Point Maintains Positive Momentum with Strong Second Quarter

As management previously suggested, Crescent Point shifted CAD 100 million from the second quarter to the back half of the year (based on expectations of lower costs and higher commodity prices in the remaining periods). Due to the combined impact of this and annual spring break-up conditions in Canada, second-quarter drilling activity fell. But the firm has since ramped up again and is currently running 18 rigs, and still expects to meet or exceed its previous guidance of 165 thousand barrels o...

30/08/2016 13 EN

Underlying

Crescent Point Energy Corp.

Crescent Point Energy is an oil and gas exploration, development and production company with assets focused in properties consist of crude oil and natural gas reserves. Co. is engaged in acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. As of Dec 31 2016, net proved reserves for light and medium crude oil were 141,850 million barrels, heavy crude oil were 19,993 million barrels, tight oil were 269,461 million barrels, natural gas liquids were 50,767 million cubic feet, shale gas were 221,238 million cubic feet and conventional natural gas were 115,041 million cubic feet.

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CA22576C1014 Toronto Stock Exchange Canada

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Dave Meats

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CRESCENT POINT ENERGY sees a downgrade to Slightly Negative on account of less fundamental stars

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Crescent Point Maintains Positive Momentum with Strong Second Quarter

Crescent Point Announces CDN$500 Million Bought Deal Offering of Common Shares

Crescent Point Transforms Portfolio with Strategic Alberta Montney Consolidation

CRESCENT POINT ENERGY sees a downgrade to Slightly Negative on account of less fundamental stars

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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