Impact: Neutral. Crescent Point's 2016e capital guidance and production forecast range was inline with our current estimates. Noting the low-end of the Company's capital budget was tabbed at less than $1.0 billion, which when combined with possible 2017-2018 hedge book monetization, could keep the Company's 2016e cash use to cash flow ratio at ~100% on the strip, inclusive of an unchanged dividend payout.
07 Jan 2016
CRESCENT POINT ENERGY CORP. (CPG) ANNOUNCES 2016 CAPITAL EXPENDITURES PLANS
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) ANNOUNCES 2016 CAPITAL EXPENDITURES PLANS
Crescent Point Energy Corp. (0UR7:LON) | 0 0 (-1.0%) | Mkt Cap: 4,825m
- Published:
07 Jan 2016 -
Author:
Cody R. Kwong -
Pages:
3
Impact: Neutral. Crescent Point's 2016e capital guidance and production forecast range was inline with our current estimates. Noting the low-end of the Company's capital budget was tabbed at less than $1.0 billion, which when combined with possible 2017-2018 hedge book monetization, could keep the Company's 2016e cash use to cash flow ratio at ~100% on the strip, inclusive of an unchanged dividend payout.