Crescent Point Energy (CPG) Reports Q4 FFO of Cdn$0.90
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Crescent Point Announces Year-End 2017 Results With Strong Cash Flows, Record Reserves of Over 1 Billion Boe and 152 Percent Organic Replacement of Production
March 1, 2018 6:30 AM ESTCALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2017.
KEY HIGHLIGHTS
Exceeded production guidance and achieved exit production growth of approximately 10 percent per share.Increased fourth quarter 2017 funds flow from operations by 17 percent per share and reduced net debt by $111.0 million.Transacted over $320 million of non-core dispositions since the beginning of 2017. Currently marketing larger disposition packages, with potential... More