Impact: Positive. In efforts to portray a sustainable business model with the view that oil prices could potentially remain "lower for longer" Management has decided to cut its dividend to $0.10 per month (previously $0.23 per month) while also suspending its DRIP program.

12 Aug 2015
CRESCENT POINT ENERGY CORP. (CPG) CUTS DIVIDEND, SUSPENDS DRIP, AND REDUCES 2015E CAPEX BY $100 MM ON UNCHANGED PRODUCTION GUIDANCE

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CRESCENT POINT ENERGY CORP. (CPG) CUTS DIVIDEND, SUSPENDS DRIP, AND REDUCES 2015E CAPEX BY $100 MM ON UNCHANGED PRODUCTION GUIDANCE
- Published:
12 Aug 2015 -
Author:
Cody R. Kwong -
Pages:
3 -
Impact: Positive. In efforts to portray a sustainable business model with the view that oil prices could potentially remain "lower for longer" Management has decided to cut its dividend to $0.10 per month (previously $0.23 per month) while also suspending its DRIP program.