Crescent Point Energy Corp. Buyback
OLI recorded this information on 3/7/2023
Company:
Crescent Point Energy Corp.
Buyback:
CPG buyback
Share Amount Authorized:
54,605,659
Buyback Details:
Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 54,605,659 common shares, or 10 percent of the Company's public float, as at February 23, 2023. The NCIB is scheduled to commence on March 9, 2023 and is due to expire on March 8, 2024. Purchases of Crescent Point's common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and alternative trading systems by means of open market transactions or by such other means as may be permitted by the Canadian Securities Administrators ("CSA") and under applicable securities laws, including by private agreement pursuant to issuer bid exemption orders issued by applicable securities regulatory authorities. The price the Company will pay for any common shares will be the market price at the time of purchase or such other price as may be permitted by the CSA. Any private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price.
Crescent Point Energy is an oil and gas exploration, development and production company. Co. is an oil and gas producer with assets strategically focused in properties comprised of light and medium crude oil and natural gas reserves in Western Canada and the United States. The crude oil and natural gas properties and related assets generating income for the benefit of Co., are located in the provinces of Saskatchewan, Alberta, British Columbia and Manitoba and in the states of North Dakota and Montana. The properties and assets consist of producing crude oil and natural gas reserves and Proved plus Probable crude oil and natural gas reserves not yet on production, and land holdings.
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Avg. Broker Rec.
 
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Strong Buy (3.83 out of 4) 73rd percentile
(ranked higher than approx. 73% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
