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Crescent Point Energy Corp CPG

Morningstar’s Analysis

Valuation
Currency in USD

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Crescent Point Acquires Shell Duvernay Assets

Joe Gemino, CPA Senior Equity Analyst

Analyst Note

| Joe Gemino, CPA |

During the fourth quarter, Crescent Point reported adjusted operating cash flow of CAD 220 million, which decreased sequentially from third-quarter cash flow of CAD 236 million and was below our expectations. The decline was driven by lower operating netbacks primarily from a lower hedging gain and lower production levels. Fourth-quarter production averaged 111.2 mboe/d, down from 113.3 mboe/d in the prior quarter and slightly above our expectations. The lower production was a result of the voluntary shut-in of 25 mboe/d, which Crescent Point began to reactivate and continued capital management.

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Company Profile

Business Description

Crescent Point Energy is an independent exploration and production company. At the end of 2020, the company had proved reserves of 411 million barrels of oil equivalent. 2020 production was 122,200/boe per day, weighted approximately 78% crude oil.

Contact
585 - 8th Avenue S.W., Suite 2000
Calgary, AB, T2P 1G1, Canada
T +1 403 693-0020
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 735

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