Crescent Point successfully executed a ~$650 mm equity financing, with use of proceeds earmarked to accelerate 2016e and 2017e drilling activity levels. The 2016e budget increases to $1.1 billion, with commensurate average volumes moving to 167,000 boe/d. Management’s preliminary 2017e outlook includes a $1.4 billion capital program and an exit rate of between 175,000 to 177,000 boe/d. With the Company undertaking modest dilution in order to protect the Company’s balance sheet amidst the recent ....
20 Sep 2016
Closes $650 mm Financing, Preliminary 2017e Plans Highlight Return to Production Growth
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Closes $650 mm Financing, Preliminary 2017e Plans Highlight Return to Production Growth
Crescent Point Energy Corp. (0UR7:LON) | 0 0 (-1.0%) | Mkt Cap: 4,825m
- Published:
20 Sep 2016 -
Author:
Cody R. Kwong -
Pages:
9
Crescent Point successfully executed a ~$650 mm equity financing, with use of proceeds earmarked to accelerate 2016e and 2017e drilling activity levels. The 2016e budget increases to $1.1 billion, with commensurate average volumes moving to 167,000 boe/d. Management’s preliminary 2017e outlook includes a $1.4 billion capital program and an exit rate of between 175,000 to 177,000 boe/d. With the Company undertaking modest dilution in order to protect the Company’s balance sheet amidst the recent ....