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Stock impact report

Crescent Point Receives Approval for Normal Course Issuer Bid

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, Jan. 23, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and 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 38,424,678 common shares, or seven percent of the Company's public float, as at January 14, 2019. The NCIB is scheduled to commence on January 25, 2019 and is due to expire on January 24, 2020."We believe share repurchases provide an accretive form of returning capital to shareholders at current share prices," said Craig Bryksa, President and CEO of Crescent Point. "We will be disciplined during the execution of this repurchase program, which will be funded within cash flow. In the current commodity price environment, the Company plans to allocate excess cash flow to debt reduction, share repurchases or a combination thereof."  Purchases of Crescent Point's common shares under the NCIB may be made th Show less Read more
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