Crescent Point Energy’s Strong 2023 Financial Performance

Crescent Point Energy (TSE:CPG) has released an update.

Crescent Point Energy Corp. reported a transformative year with a portfolio overhaul, achieving over 900% reserves replacement and generating $980 million in excess cash flow for 2023, while returning $600 million to shareholders. The company increased its quarterly dividend by 15% and expects a strong financial position in 2024, projecting $830 million in excess cash flow. These strategic actions aim to bolster the company’s long-term sustainability and shareholder returns.

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