Crescent Point Energy sees FY24 capital expenditures C$1.05B-C$1.15B

Sees FY24 annual production of 145,000-151,000 boe/d. Crescent Point expects to generate significant excess cash flow of over C$1B at $80/bbl WTI under its preliminary 2024 budget. “Throughout 2023, our strong results and outperformance have demonstrated the benefits of our improved asset base alongside our ongoing operational execution”, said Craig Bryksa, president and CEO of Crescent Point. “This inflection we are seeing in our business is a direct result of our strategy, which is focused on maintaining a resilient portfolio of high-return short- and long-cycle assets. Our disciplined approach is expected to generate sustainable returns and significant excess cash flow for shareholders.”