Crescent Point Energy Sees FY24 Capital Expenditures $1.4B-$1.5B; Program To Generate Excess Cash Flow $750M-$950M
Portfolio Pulse from Benzinga Newsdesk
Crescent Point Energy projects its FY24 capital expenditures to be between $1.4B and $1.5B. The company anticipates this program will generate excess cash flow ranging from $750M to $950M.
December 21, 2023 | 2:09 pm
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Crescent Point Energy anticipates FY24 capital expenditures of $1.4B-$1.5B, with a projected excess cash flow of $750M-$950M.
The announcement of projected capital expenditures and expected excess cash flow indicates a strong financial position and operational efficiency for Crescent Point Energy. This positive outlook is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100