Crescent Point reported 3Q18 production of 174,275 boe/d (90% liquids), slightly ahead of consensus at 172,096 boe/d. Adjusted funds flow of ~$475 mm ($0.86/sh) for 3Q18 beat consensus estimates of $0.82/sh and GMPFE’s call of $0.83/sh. Capital spending was lower than expected at $416 mm (GMPFE - $440 mm), which included the drilling of 215 (169.2 net) wells.
25 Oct 2018
Solid 3Q18 results, oil differential impact less than previously expected in 4Q18
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Solid 3Q18 results, oil differential impact less than previously expected in 4Q18
Crescent Point Energy Corp. (0UR7:LON) | 0 0 (-1.0%) | Mkt Cap: 4,825m
- Published:
25 Oct 2018 -
Author:
Cody R. Kwong -
Pages:
8
Crescent Point reported 3Q18 production of 174,275 boe/d (90% liquids), slightly ahead of consensus at 172,096 boe/d. Adjusted funds flow of ~$475 mm ($0.86/sh) for 3Q18 beat consensus estimates of $0.82/sh and GMPFE’s call of $0.83/sh. Capital spending was lower than expected at $416 mm (GMPFE - $440 mm), which included the drilling of 215 (169.2 net) wells.