Crescent Point’s 2Q16e production and cash flow was modestly ahead of expectations in a relatively quiet quarter of operations that saw capital spending of only ~$90 mm. The Company announced two SE Saskatchewan asset acquisitions and a NW Alberta asset disposition for a net capital outlay of $221 mm. We are maintaining our target price of $29.00 per share and Top Pick ranking as the Company ramps up activity with 18 rigs currently running and a visible pathway to continue outperforming
12 Aug 2016
Offers Solid 2Q16 Results
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Offers Solid 2Q16 Results
Crescent Point Energy Corp. (0UR7:LON) | 0 0 (-1.0%) | Mkt Cap: 4,825m
- Published:
12 Aug 2016 -
Author:
Cody R. Kwong -
Pages:
7
Crescent Point’s 2Q16e production and cash flow was modestly ahead of expectations in a relatively quiet quarter of operations that saw capital spending of only ~$90 mm. The Company announced two SE Saskatchewan asset acquisitions and a NW Alberta asset disposition for a net capital outlay of $221 mm. We are maintaining our target price of $29.00 per share and Top Pick ranking as the Company ramps up activity with 18 rigs currently running and a visible pathway to continue outperforming