CALGARY, AB, July 30, 2020 /PRNewswire/ - Crescent Point
Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and
(NYSE: CPG) is pleased to announce its operating and financial
results for the quarter ended June 30,
2020. The Company's Board of Directors (the "Board") is also
pleased to announce the appointment of a new director.
KEY HIGHLIGHTS
- Capital expenditures trending to lower end of guidance due to
expected well cost savings of over 10 percent in 2020.
- Enhanced financial flexibility with continued net debt
reduction now totaling over $450
million year-to-date.
- Released second annual sustainability report and established an
emissions intensity reduction target of 30 percent by 2025.
- Appointed Myron Stadnyk to the
Board who brings significant business and industry experience.
"Our priorities during the current commodity price cycle remain
on maintaining a strong financial position and enhancing our
sustainability," said Craig Bryksa,
President and CEO of Crescent Point. "Our continued net debt
reduction during second quarter, despite significantly weak
commodity prices, highlights our deep netback asset base, risk
management, discipline and a relentless focus on costs. We expect
to generate excess cash flow during the second half of 2020, based
on our guidance at current strip prices, further strengthening our
financial position."
FINANCIAL HIGHLIGHTS
- Adjusted funds flow totaled $109.0
million during second quarter 2020, or $0.21 per share diluted.
- For the quarter ended June 30,
2020, Crescent Point's development capital expenditures
totaled $72.0 million. This spending
reflects normal seasonality related to spring break-up and
management's proactive decision to curtail spending given the
commodity price environment. Capital expenditures incurred during
second quarter were made primarily to complete projects initiated
in the prior quarter. The majority of Crescent Point's remaining
2020 program, which is primarily weighted to fourth quarter,
remains flexible and discretionary.
- Net debt as at June 30, 2020
equated to approximately $2.3 billion
and reflects over $450 million of net
debt reduction in the first half of 2020. Cash and unutilized
credit capacity was over $2.4 billion
as at June 30, 2020. The Company has
no material near-term senior note debt maturities and its credit
facilities do not mature until October
2023.
- As part of its risk management program to protect against
commodity price volatility, the Company has currently hedged, on
average, over 65 percent of its oil and liquids production, net of
royalty interest, through the remainder of 2020. Crescent Point
recently optimized and restructured some its portfolio of second
half 2020 hedges to provide additional downside protection. The
Company also has hedges extending into the following year. Crescent
Point will remain disciplined in its approach to layering on
additional hedges, in the context of commodity prices, to further
protect its funds flow.
- Subsequent to the quarter, the Company declared a quarterly
cash dividend of $0.0025 per share
payable on October 1, 2020.
OPERATIONAL HIGHLIGHTS
- The Company's average production in second quarter 2020 was
120,842 boe/d, which includes the impact from production shut-ins
announced during the quarter and lower overall activity. This
production was comprised of over 90 percent oil and liquids.
- During the quarter, the Company voluntarily shut-in
approximately 25,000 boe/d of higher-cost production, as previously
announced. These shut-in volumes, which are primarily located
outside the Company's key focus areas, also include curtailed
production to allow for a more efficient and cost effective process
when restoring production. Crescent Point continues to seek
additional stability in commodity prices and overall market
conditions before finalizing its reactivation plans to restore
certain shut-in volumes.
- As a result of its ongoing successful cost initiatives,
Crescent Point now expects its average per well capital costs to
improve by over 10 percent by year-end 2020, compared to its
original 2020 budget. This improvement includes internal
efficiencies through reduced drilling days, improved frac
optimization and increased pad drilling efficiencies.
- The Company continues to enhance its cost structure throughout
the organization, including through the continued adoption of
digital technologies. As previously announced, these initiatives
have supported an approximately seven percent sustainable
improvement in its operating expenses in 2020, or over 15 percent
since the beginning of 2019.
- During second quarter, Crescent Point released its annual
sustainability report highlighting its emissions intensity
reduction target of 30 percent by 2025. This target is expected to
be achieved primarily through an over 50 percent reduction in
methane emissions. The report also highlights the Company's
continued commitment to delivering improved safety, a positive
social impact on its stakeholders and strong governance, including
Board diversity and environmental, social & governance ("ESG")
oversight.
OUTLOOK
The proactive measures the Company has taken year-to-date
continue to demonstrate the disciplined and flexible approach
management is taking to preserve a strong financial position and
enhance long-term sustainability. As a result, Crescent Point is
now in a position to meet or exceed its current annual average
production guidance of 110,000 to 114,000 boe/d with development
capital expenditures toward the lower end of its guidance range of
$650 to $700
million in 2020.
As a result of the Company's ongoing improvements to its cost
structure, Crescent Point expects to generate additional excess
cash flow during the balance of the year, based on guidance at
current strip prices, while also building further downside
protection through its hedging activities. The Company's allocation
of excess cash flow will continue to prioritize further net debt
reduction.
Crescent Point retains flexibility in its overall program and
will adjust its capital expenditures if necessary. The Company is
also actively monitoring commodity prices and market conditions, in
order to determine when to restore previously announced shut-in
volumes, and will communicate such plans, including any upward
revision to its annual production guidance, when warranted.
The Company has initiated its formal budgeting process for 2021
with a continued focus on returns, balance sheet strength and
sustainability. Crescent Point expects to significantly decrease
its capital requirements to sustain production due to the Company's
successful cost initiatives in 2020, the expected moderation in its
production decline rate and through lower overall activity. As a
result, Crescent Point expects to improve its ability to generate
excess cash flow in a low price environment.
Crescent Point remains in a strong financial position with
significant liquidity of over $2.4
billion and no material near-term debt maturities.
Management continues to prioritize additional balance sheet
strength with its excess cash flow generation, given the volatility
in commodity prices.
BOARD OF DIRECTORS
Crescent Point is pleased to appoint and welcome Myron Stadnyk to the Board, effective
July 30, 2020. The Board has gone
through significant changes over the past few years as part of its
commitment to full Board renewal, enhanced diversity and strong
governance. With Mr. Stadnyk's addition, the Board is now comprised
of 10 members, including nine independent directors.
"We are pleased to have Myron join Crescent Point's board," said
Barbara Munroe, Chair of the Board.
"Myron brings over 35 years of business and industry experience,
strong leadership skills and deep governance expertise that will
provide a valuable contribution to all stakeholders. On behalf of
the board, we look forward to working with him."
Mr. Stadnyk is the former President & CEO of ARC Resources
Ltd. ("ARC"), who also served as its COO prior to that role and
worked with a major oil and gas company in both domestic and
international operations prior to joining ARC. During his tenure at
ARC over the past 20 years, he contributed to building a safe,
profitable and sustainable business. Mr. Stadnyk is currently on
the boards of PraireSky Royalty Ltd. and Shock Trauma Air Rescue
Society ("STARS") and was previously a Governor of the Canadian
Association of Petroleum Producers ("CAPP"). Mr. Stadnyk holds a
Bachelor of Science in Mechanical Engineering from the University of Saskatchewan, is a graduate of the
Harvard Business School Advanced Management Program and is a member
of Association of Professional Engineers and Geoscientists of
Alberta ("APEGA").
CONFERENCE CALL DETAILS
Crescent Point management will hold a conference call on
Thursday, July 30, 2020 at
10:00 a.m. MT (12:00 p.m. ET) to discuss the Company's results
and outlook. A slide deck will accompany the conference call and
can be found on Crescent Point's home page.
Participants can listen to this event
online. Alternatively, the conference call can be accessed by
dialing 1-888-390-0605.
The webcast will be archived for replay and can be accessed on
Crescent Point's website. The replay will be available
approximately one hour following completion of the call.
Shareholders and investors can also find the Company's most
recent investor presentation on the Company's website.
2020 GUIDANCE
The Company's guidance for 2020 is as follows:
|
|
Total annual average
production (boe/d)
|
110,000 -
114,000
|
% Oil and
NGLs
|
90%
|
Development capital
expenditures ($ millions) (1)
|
$650 to
$700
|
Drilling and
development (%)
Facilities and seismic (%)
|
91%
9%
|
(1)
|
Development capital
expenditures excludes approximately $80 million of capitalized
G&A, land acquisitions, capital leases and reclamation
activities.
|
The Company's unaudited financial statements and management's
discussion and analysis for the quarter ended June 30, 2020, will be available on the System
for Electronic Document Analysis and Retrieval ("SEDAR") at
www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on
Crescent Point's website at www.crescentpointenergy.com.
FINANCIAL AND OPERATING HIGHLIGHTS
|
|
|
|
Three months ended
June 30
|
Six months ended June
30
|
(Cdn$ millions except
per share and per boe amounts)
|
2020
|
2019
|
2020
|
2019
|
Financial
|
|
|
|
|
Cash flow from
operating activities
|
66.6
|
527.4
|
395.9
|
944.2
|
Adjusted funds flow
from operations (1)
|
109.0
|
503.8
|
418.5
|
1,017.8
|
Per share (1)
(2)
|
0.21
|
0.92
|
0.79
|
1.85
|
Net income
(loss)
|
(145.1)
|
198.6
|
(2,469.2)
|
200.5
|
Per share
(2)
|
(0.27)
|
0.36
|
(4.67)
|
0.37
|
Adjusted net earnings
from operations (1)
|
(27.9)
|
146.0
|
20.8
|
304.3
|
Per share (1)
(2)
|
(0.05)
|
0.27
|
0.04
|
0.55
|
Dividends
declared
|
1.4
|
5.5
|
6.7
|
11.1
|
Per share
(2)
|
0.0025
|
0.0100
|
0.0125
|
0.0200
|
Net debt
(1)
|
2,308.6
|
3,553.5
|
2,308.6
|
3,553.5
|
Net debt to adjusted
funds flow from operations (1) (3)
|
1.9
|
1.9
|
1.9
|
1.9
|
Weighted average
shares outstanding
|
|
|
|
|
Basic
|
529.3
|
547.6
|
528.8
|
548.9
|
Diluted
|
531.2
|
548.2
|
529.7
|
549.0
|
Operating
|
|
|
|
|
Average daily
production
|
|
|
|
|
Crude oil
(bbls/d)
|
94,900
|
134,951
|
103,414
|
137,418
|
NGLs
(bbls/d)
|
14,210
|
20,841
|
15,852
|
20,471
|
Natural gas
(mcf/d)
|
70,391
|
100,101
|
70,921
|
97,902
|
Total
(boe/d)
|
120,842
|
172,476
|
131,086
|
174,206
|
Average selling
prices (4)
|
|
|
|
|
Crude oil
($/bbl)
|
26.74
|
72.07
|
38.90
|
68.32
|
NGLs
($/bbl)
|
8.11
|
21.39
|
13.17
|
23.43
|
Natural gas
($/mcf)
|
2.74
|
2.14
|
2.88
|
2.91
|
Total
($/boe)
|
23.55
|
60.22
|
33.84
|
58.28
|
Netback ($/boe)
|
|
|
|
|
Oil and gas
sales
|
23.55
|
60.22
|
33.84
|
58.28
|
Royalties
|
(2.77)
|
(8.97)
|
(4.34)
|
(8.25)
|
Operating
expenses
|
(11.89)
|
(12.61)
|
(12.12)
|
(12.69)
|
Transportation
expenses
|
(2.24)
|
(2.05)
|
(2.24)
|
(2.08)
|
Operating netback
(1)
|
6.65
|
36.59
|
15.14
|
35.26
|
Realized gain (loss)
on derivatives
|
8.15
|
(0.64)
|
6.12
|
0.05
|
Other
(5)
|
(4.89)
|
(3.85)
|
(3.72)
|
(3.03)
|
Adjusted funds flow
from operations netback (1)
|
9.91
|
32.10
|
17.54
|
32.28
|
Capital
Expenditures
|
|
|
|
|
Capital dispositions,
net (6)
|
(1.5)
|
(58.3)
|
(507.0)
|
(61.1)
|
Development capital
expenditures
|
|
|
|
|
Drilling and
development
|
64.0
|
146.5
|
357.6
|
506.1
|
Facilities and
seismic
|
8.0
|
19.7
|
34.5
|
40.3
|
Total
|
72.0
|
166.2
|
392.1
|
546.4
|
Land
expenditures
|
0.8
|
4.1
|
1.6
|
8.1
|
(1)
|
Adjusted funds flow
from operations, adjusted funds flow from operations per share,
adjusted net earnings from operations, adjusted net earnings from
operations per share, net debt, net debt to adjusted funds flow
from operations, operating netback and adjusted funds flow from
operations netback as presented do not have any standardized
meaning prescribed by IFRS and, therefore, may not be comparable
with the calculation of similar measures presented by other
entities.
|
(2)
|
The per share amounts
(with the exception of dividends per share) are the per share –
diluted amounts.
|
(3)
|
Net debt to adjusted
funds flow from operations is calculated as the period end net debt
divided by the sum of adjusted funds flow from operations for the
trailing four quarters.
|
(4)
|
The average selling
prices reported are before realized derivatives and
transportation.
|
(5)
|
Other includes net
purchased products, general and administrative expenses, interest
on long-term debt, foreign exchange, cash-settled share-based
compensation and certain cash items and excludes transaction costs,
foreign exchange on US dollar long-term debt and certain non-cash
items.
|
(6)
|
Capital dispositions,
net represent total consideration for the transactions, including
long-term debt and working capital assumed, and exclude transaction
costs.
|
Non-GAAP Financial Measures
Throughout this press release, the Company uses the terms
"adjusted funds flow", "adjusted funds flow from operations",
"funds flow", "adjusted funds flow from operations per share -
diluted", "adjusted net earnings from operations", "adjusted net
earnings from operations per share - diluted", "net debt", "net
debt to adjusted funds flow from operations", "netback", "operating
netback" and "adjusted funds flow from operations netback".
These terms do not have any standardized meaning as prescribed by
IFRS and, therefore, may not be comparable with the calculation of
similar measures presented by other issuers.
Adjusted funds flow and funds flow are equivalent to adjusted
funds flow from operations. Adjusted funds flow from operations is
calculated based on cash flow from operating activities before
changes in non-cash working capital, transaction costs and
decommissioning expenditures. Adjusted funds flow from operations
per share - diluted is calculated as adjusted funds flow from
operations divided by the number of weighted average diluted shares
outstanding. Transaction costs are excluded as they vary
based on the Company's acquisition and disposition activity and to
ensure that this metric is more comparable between periods.
Decommissioning expenditures are discretionary and are excluded as
they may vary based on the stage of Company's assets and operating
areas. Management utilizes adjusted funds flow from operations as a
key measure to assess the ability of the Company to finance
dividends, operating activities, capital expenditures and debt
repayments. Adjusted funds flow from operations as presented is not
intended to represent cash flow from operating activities, net
earnings or other measures of financial performance calculated in
accordance with IFRS.
The following table reconciles cash flow from operating
activities to adjusted funds flow from operations:
|
|
|
|
Three months ended
June 30
|
Six months ended June
30
|
($
millions)
|
2020
|
2019
|
2020
|
2019
|
Cash flow from
operating activities
|
66.6
|
527.4
|
395.9
|
944.2
|
Changes in non-cash
working capital
|
41.1
|
(28.3)
|
8.0
|
62.7
|
Transaction
costs
|
0.6
|
0.2
|
5.3
|
1.1
|
Decommissioning
expenditures
|
0.7
|
4.5
|
9.3
|
9.8
|
Adjusted funds flow
from operations
|
109.0
|
503.8
|
418.5
|
1,017.8
|
Adjusted net earnings from operations is calculated based on net
income before amortization of exploration and evaluation
("E&E") undeveloped land, impairment or impairment recoveries,
unrealized derivative gains or losses, unrealized foreign exchange
gain or loss on translation of hedged US dollar long-term debt,
unrealized gains or losses on long-term investments, gains or
losses on the sale of long-term investments and gains or losses on
capital acquisitions and dispositions. Adjusted net earnings from
operations per share - diluted is calculated as adjusted net
earnings from operations divided by the number of weighted average
diluted shares outstanding. Management utilizes adjusted net
earnings from operations to present a measure of financial
performance that is more comparable between periods. Adjusted net
earnings from operations as presented is not intended to represent
net earnings or other measures of financial performance calculated
in accordance with IFRS.
The following table reconciles net income to adjusted net
earnings from operations:
|
|
|
|
Three months ended
June 30
|
Six months ended June
30
|
($
millions)
|
2020
|
2019
|
2020
|
2019
|
Net income
(loss)
|
(145.1)
|
198.6
|
(2,469.2)
|
200.5
|
Amortization of
E&E undeveloped land
|
19.6
|
35.9
|
41.3
|
74.2
|
Impairment
|
—
|
—
|
3,557.8
|
8.5
|
Unrealized derivative
(gains) losses
|
229.2
|
(26.4)
|
(189.3)
|
244.0
|
Unrealized foreign
exchange (gain) loss on translation of hedged US dollar long-term
debt
|
(74.1)
|
(99.0)
|
61.8
|
(195.7)
|
Unrealized loss on
long-term investments
|
(1.2)
|
0.9
|
4.3
|
1.4
|
Net (gain) loss on
capital dispositions
|
(0.8)
|
11.4
|
(308.3)
|
6.1
|
Deferred tax relating
to adjustments
|
(55.5)
|
24.6
|
(677.6)
|
(34.7)
|
Adjusted net earnings
(loss) from operations
|
(27.9)
|
146.0
|
20.8
|
304.3
|
Net debt is calculated as long-term debt plus accounts payable
and accrued liabilities and long-term compensation liability net of
equity derivative contracts, less cash, accounts receivable,
prepaids and deposits, long-term investments, excluding the
unrealized foreign exchange on translation of US dollar long-term
debt. Management utilizes net debt as a key measure to assess the
liquidity of the Company.
The following table reconciles long-term debt to net debt:
|
|
|
($
millions)
|
June 30,
2020
|
June 30,
2019
|
Long-term debt
(1)
|
2,597.6
|
3,706.7
|
Accounts payable and
accrued liabilities
|
270.3
|
474.8
|
Long-term
compensation liability (2)
|
5.9
|
6.2
|
Cash
|
(27.6)
|
(9.7)
|
Accounts
receivable
|
(183.7)
|
(331.4)
|
Prepaids and
deposits
|
(23.7)
|
(7.9)
|
Long-term
investments
|
(2.5)
|
(7.3)
|
Excludes:
|
|
Unrealized foreign
exchange on translation of hedged US dollar long-term
debt
|
(327.7)
|
(277.9)
|
Net debt
|
2,308.6
|
3,553.5
|
(1)
|
Includes current
portion of long-term debt.
|
(2)
|
Includes current
portion of long-term compensation liability and is net of equity
derivative contracts.
|
Net debt to adjusted funds flow from operations is calculated as
the period end net debt divided by the sum of adjusted funds flow
from operations for the trailing four quarters. The ratio of net
debt to adjusted funds flow from operations is used by management
to measure the Company's overall debt position and to measure the
strength of the Company's balance sheet. Crescent Point monitors
this ratio and uses this as a key measure in making decisions
regarding financing, capital spending and dividend levels.
Operating netback is calculated on a per boe basis as oil and
gas sales, less royalties, operating and transportation expenses.
Adjusted funds flow netback is equivalent to adjusted funds flow
from operations netback. Adjusted funds flow from operations
netback is calculated on a per boe basis as operating netback less
net purchased products, realized derivative gains and losses,
general and administrative expenses, interest on long-term debt,
foreign exchange, cash-settled share-based compensation and certain
cash items, excluding transaction costs, foreign exchange on US
dollar long-term debt and certain non-cash items. Cash flow netback
is equivalent to adjusted funds flow from operations netback.
Operating netback and adjusted funds flow from operations netback
are common metrics used in the oil and gas industry and are used by
management to measure operating results on a per boe basis to
better analyze performance against prior periods on a comparable
basis. Netback calculations are shown in the Financial and
Operating Highlights section in this press release.
Management believes the presentation of the Non-GAAP measures
above provide useful information to investors and shareholders as
the measures provide increased transparency and the ability to
better analyze performance against prior periods on a comparable
basis.
All amounts in the news release are stated in Canadian dollars
unless otherwise specified.
Forward-Looking Statements
Any "financial outlook" or "future oriented financial
information" in this press release, as defined by applicable
securities legislation has been approved by management of Crescent
Point. Such financial outlook or future oriented financial
information is provided for the purpose of providing information
about management's current expectations and plans relating to the
future. Readers are cautioned that reliance on such information may
not be appropriate for other purposes.
Certain statements contained in this press release constitute
"forward-looking statements" within the meaning of section 27A of
the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and "forward-looking information" for the
purposes of Canadian securities regulation (collectively,
"forward-looking statements"). The Company has tried to identify
such forward-looking statements by use of such words as "could",
"should", "can", "anticipate", "expect", "believe", "will", "may",
"intend", "projected", "sustain", "continues", "strategy",
"potential", "projects", "grow", "take advantage", "estimate",
"well-positioned" and other similar expressions, but these words
are not the exclusive means of identifying such statements.
In particular, this press release contains forward-looking
statements pertaining, among other things, to the following:
expected well cost savings of over 10 percent in 2020; production
restoration from previously announced shut-in wells; direct
emissions intensity reduction target of 30 percent by 2025; over
50% reduction methane emissions by 2025; priorities during the
current commodity price cycle; expecting to generate additional
excess cash flow during the second half of 2020; hedging;
dividends; average per well capital costs to improve by over 10
percent by year-end 2020, compared to original 2020 budget; meeting
or exceeding current annual average production guidance of 110,000
to 114,000 boe/d; development capital expenditures toward the lower
end of the 2020 guidance range of $650 to $700
million; excess cash flow generation during the remainder of
2020, based on guidance at current strip prices, with additional
downside protection through hedging activities; 2021 budget
focuses; contributions to all stakeholders of a new board member;
capital requirements to sustain production decreasing significantly
due to the Company's cost initiatives in 2020, an expected
moderation in its production decline rate and lower overall
activity; allocation of excess cash flow prioritized to further net
debt reduction; improved ability to generate excess cash flow in a
low price environment; prioritizing additional balance sheet
strength; and 2020 guidance.
All forward-looking statements are based on Crescent Point's
beliefs and assumptions based on information available at the time
the assumption was made. Crescent Point believes that the
expectations reflected in these forward-looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included in this report should not be unduly relied upon. By their
nature, such forward-looking statements are subject to a number of
risks, uncertainties and assumptions, which could cause actual
results or other expectations to differ materially from those
anticipated, expressed or implied by such statements, including
those material assumptions and risks discussed in the Company's
Annual Information Form for the year ended December 31, 2019 under "Risk Factors", our
Management's Discussion and Analysis for the year ended
December 31, 2019, under the headings
"Risk Factors" and "Forward-Looking Information" and for the
quarter ended June 30, 2020 under
"Derivatives", "Liquidity and Capital Resources", "Changes in
Accounting Policies", "Risk Factors" and "Outlook". The material
assumptions are disclosed in the Management's Discussion and
Analysis for the year ended December 31,
2019, under the headings "Capital Expenditures", "Liquidity
and Capital Resources", "Critical Accounting Estimates", "Risk
Factors", "Changes in Accounting Policies", and "Outlook" and are
disclosed in the Management's Discussion and Analysis for the
quarter ended June 30, 2020 under the
headings "Derivatives", "Liquidity and Capital Resources", "Changes
in Accounting Policies" and "Outlook". The impact of any one risk,
uncertainty or factor on a particular forward-looking statement is
not determinable with certainty as these are interdependent and
Crescent Point's future course of action depends on management's
assessment of all information available at the relevant time.
Additional information on these and other factors that could
affect Crescent Point's operations or financial results are
included in Crescent Point's reports on file with Canadian and U.S.
securities regulatory authorities. Readers are cautioned not to
place undue reliance on this forward-looking information, which is
given as of the date it is expressed herein or otherwise. Crescent
Point undertakes no obligation to update publicly or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required to do so pursuant to
applicable law. All subsequent forward-looking statements, whether
written or oral, attributable to Crescent Point or persons acting
on the Company's behalf are expressly qualified in their entirety
by these cautionary statements.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Brad
Borggard, Senior Vice President, Corporate Planning
and Capital Markets, or
Shant Madian, Vice
President, Investor Relations and Corporate Communications
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG.
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content:http://www.prnewswire.com/news-releases/crescent-point-announces-q2-2020-results-and-appointment-of-director-301102638.html
SOURCE Crescent Point Energy Corp.