Crescent Point Is Targeting Production Of Approximately 180,000 Boe/Day By 2028 Under Its Updated Five-year Plan, Which Equates To A Compounded Annual Growth Rate Of 5%
Portfolio Pulse from Benzinga Newsdesk
Crescent Point has updated its five-year plan, targeting a production of approximately 180,000 Boe/day by 2028, which equates to a compounded annual growth rate of 5%. This growth is expected to be driven by the company's Kaybob Duvernay and Alberta Montney assets, which are expected to generate over 70% of Crescent Point's total production by 2028.
September 11, 2023 | 10:48 am
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Crescent Point's updated five-year plan targets a 5% compounded annual growth rate, with Kaybob Duvernay and Alberta Montney assets driving the growth. This could potentially increase investor confidence in the company's future performance.
The updated five-year plan shows Crescent Point's strategic focus on leveraging its key assets to drive growth. This could potentially attract investors looking for companies with a clear growth strategy, thereby possibly driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100