Earnings
February 16, 2019 - TRP
New! TransCanada Corp. 2018 Year End Earnings & Price Target Update .....
February 13, 2019 - AW.UN
A&W Revenue Royalties Income Fund - 2018 Results & Dividend Inrease .....
February 13, 2019 - CRT.UN
CT Real Estate Investment Trust - 2018 Earnings & Price Target Forecast .....
February 10, 2019 - NTR
Nutrien Inc. 2018 Earnings & Price Target Update .....
February 8, 2019 - BCE
BCE Inc.-2018 Earnings & Price Target Update .....
February 7, 2019 - BPF.UN
Boston Pizza Royalties Income Fund - Q3-2018 Earnings & Price Target Update .....
February 6, 2019 - KEG.UN
The Keg Royalties Income Fund - Q3-2018 Earnings & Price Target Update .....
February 3, 2019 - CRR.UN
Crombie REIT - Q3-2018 Earnings & Price Target Forecast .....
Recommendation Changes
TRP, AW.UN, NTR, MKP, AI, more...

Crescent Point Energy Corp. Q2-2018 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Crescent Point has acquired and developed 1B boe of reserves (p+p) as of Dec-31-2017 with emphasis on water flood recovery methods. By area, 57% of reserves are located in the Bakken region in south eastern Saskatchewan and North Dakota and 24% in the Shaunavon areas in southwest Saskatchewan, and 12% in the Utah (Unita Basin) with the balance in Alberta. The production mix is 90% oil and NGLs and 10% natural gas.

Capital Development & Reserves

Reserves as of Dec-31-2015 were 936M boe compared to 958M boe as Dec-31-2016. The 2017 capital budget was expected to replace 121M boe compared to production of 60.3M boe resulting in forecast reserves increased to 997M boe at Dec-31-2017 compared to actual of 1,004B boe. The forecast capital development budget to 2018 is $1.595B; land acquisition is $180M. This is forecast to add 75M boe compared to production of 66M boe. Total reserves as of Dec-31-2017, net of disposition are expected to remain at 1B boe. Based on oil prices of $(US)75.00 per boe, natural gas at $1.75 per mcf and a Cdn-USD exchange rate of 0.78 our value per share based on net realizable of reserves(p+p) is $16.00. This excludes contingent reserves.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
February 15, 2019
New! Coverage Universe - Weekly Price Changes - Feb 8-15, 2019
February 8, 2019
Coverage Universe - Weekly Price Changes - Feb 1-8, 2019
February 1, 2019
Coverage Universe - Weekly Price Changes - Jan 25-Feb 1, 2019
January 29, 2019
BIP Investment Corp. Minimum 5.85% Cumulative Rate Reset Preferred Share New Issue
January 25, 2019
Coverage Universe - Weekly Price Changes - Jan 18-25, 2019
January 21, 2019
Canadian Western Bank 6% Rate Reset Preferred Share New Issue
January 18, 2019
Coverage Universe - Weekly Price Changes - Jan 11-18, 2019
January 17, 2019
TD Bank Preferred Share 5.2% Rate Reset New Issue