Crescent Energy Sees 2H Capex $460M-$510M
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy has announced its capital expenditure (Capex) for the second half of the year, which is expected to be between $460 million and $510 million.
August 05, 2024 | 9:04 pm
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Crescent Energy has announced its capital expenditure for the second half of the year, which is expected to be between $460 million and $510 million. This indicates a significant investment in growth and development.
The announcement of a substantial Capex range suggests that Crescent Energy is investing heavily in its operations, which could lead to increased production and revenue. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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