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BRIEF-Crescent Point Qtrly Adjusted Funds Flow From Operations Per Share $0.61

Published 2019-03-07, 06:40 a/m
© Reuters.  BRIEF-Crescent Point Qtrly Adjusted Funds Flow From Operations Per Share $0.61
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March 7 (Reuters) - Crescent Point Energy Corp CPG.TO :

* CRESCENT POINT ANNOUNCES 2018 RESULTS AND RESERVES

* IN 2018, WE SPENT BELOW BUDGET

* ANNUAL AVERAGE PRODUCTION IN 2018 WAS 178,166 BOE/D

* CRESCENT POINT ADDED 92.2 MMBOE OF ORGANIC 2P RESERVES IN 2018

* COMPANY'S 2P NAV WAS $24.41 PER SHARE AT YEAR-END 2018

* QTRLY ADJUSTED FUNDS FLOW FROM OPERATIONS PER SHARE $0.61

* QTRLY NET LOSS PER SHARE $4.35

* QTRLY ADJUSTED NET LOSS FROM OPERATIONS PER SHARE $0.03

* EXPLORING SOLUTIONS TO FURTHER ENHANCE REALIZED PRICING FOR ITS CANADIAN OIL PRODUCTION

* IS ON TRACK WITH ITS 2019 BUDGET

* SEES ANNUAL AVERAGE PRODUCTION OF 170,000 TO 174,000 BOE/D AND 2019 CAPITAL EXPENDITURES OF $1.20 TO $1.30 BILLION

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