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Crescent Point Energy: A Recession Resistant, Deep Value Play On Oil (NYSE:CPG)

Crescent Point Energy is trading at an extremely low multiple to future earnings. CPG has hedged out 50% of production to significantly reduce risk. Read more. ....

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Crescent Point Announces Accretive Acquisition of Kaybob Duvernay Assets for $900 Million and Enhanced Free Cash Flow

Crescent Point Announces Accretive Acquisition of Kaybob Duvernay Assets for $900 Million and Enhanced Free Cash Flow
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CALGARY, AB, Feb. 17, 2021 /PRNewswire/ - Crescent Point Energy Corp. ( Crescent Point or the Company ) (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the Agreement ) with Shell Canada Energy ( Shell ), an affiliate of Royal Dutch Shell plc, to acquire Shell s Kaybob Duvernay assets in Alberta (the Assets ) for $900 million (the Acquisition ). The total consideration consists of $700 million in cash and 50 million common shares of Crescent Point.
KEY HIGHLIGHTS

Strategic entry into a premier and established liquids rich play with greater than 10 years of high-return, low risk drilling inventory. ....

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