Crescent Point Energy (CPG) Tops Q1 EPS by 17c
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Crescent Point Announces Q1 2020 Results
May 6, 2020 6:30 AM EDTCALGARY, May 6, 2020 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2020.
KEY HIGHLIGHTS
Successfully closed the sale of certain gas infrastructure assets for $500 million. Delivered $50 million of permanent operating expense savings, as previously announced. Recently announced $75 million reduction to capital budget with no associated impact to production. Took decisive actions to revise 2020 capital expenditures and voluntarily shut-in production, preserving long-term value.... More