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BRIEF-Crescent Point Announces Accretive Acquisition Of Kaybob Duvernay Assets For $900 Million

Published 2021-02-17, 06:13 p/m
© Reuters.
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Feb 17 (Reuters) - Crescent Point Energy Corp CPG.TO :

* CRESCENT POINT ANNOUNCES ACCRETIVE ACQUISITION OF KAYBOB DUVERNAY ASSETS FOR $900 MILLION AND ENHANCED FREE CASH FLOW

* CRESCENT POINT ENERGY CORP - SEES 2021 ANNUAL AVERAGE PRODUCTION OF 132,000 TO 136,000 BOE/D

* CRESCENT POINT ENERGY CORP - SEES 2021 DEVELOPMENT CAPITAL EXPENDITURES OF $575 MILLION TO $625 MILLION

* CRESCENT POINT ENERGY CORP - REVISED 2021 GUIDANCE IS NOW EXPECTED TO GENERATE EXCESS CASH FLOW OF APPROXIMATELY $375 MILLION TO $600 MILLION

* CRESCENT POINT ENERGY CORP - ACQUISITION IS EXPECTED TO BE ACCRETIVE ON ALL PER SHARE METRICS

* CRESCENT POINT ENERGY CORP - TO ACQUIRE SHELL'S KAYBOB DUVERNAY ASSETS IN ALBERTA FOR $700 MILLION IN CASH AND 50 MILLION COMMON SHARES OF CO

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