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Stock impact report

Crescent Point Announces Q1 2019 Results

Crescent Point Energy Corporation Ordinary Shares (Canada) (CPG) 
Last crescent point energy corporation ordinary shares (canada) earnings: 3/5 06:30 am Check Earnings Report
US:NYSE Investor Relations: crescentpointenergy.com/invest
Company Research Source: PR Newswire
CALGARY, May 9, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2019.KEY HIGHLIGHTSIncreased cash flow in 2019 based on return-focused capital allocation, lower costs, higher commodity prices and improved oil differentials. Expect to generate approximately $600 million of excess cash flow in 2019 based on guidance at current strip prices. Annual production and capital expenditures guidance remains unchanged, demonstrating continued capital discipline. Continued focus on net debt reduction and the execution of share repurchase program, with over $105 million of net debt reduction in the quarter and over 5.6 million shares repurchased year-to-date. Enhancing sustainability in key focus areas by reducing costs and consistently developing waterflood programs. Added John Dielwart and nominated James Craddock and Jennifer Koury as new independent Show less Read more
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