Crescent Point Energy: Around $400 Million In Positive Cash Flow For 2019 [Seeking Alpha]
Crescent Point Energy Corporation Ordinary Shares (Canada) (CPG)
Last crescent point energy corporation ordinary shares (canada) earnings: 3/5 06:30 am
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Source: Seeking Alpha
Crescent Point Energy: Around $400 Million In Positive Cash Flow For 2019 Summary At current strip prices, Crescent Point may generate around $400 million in positive cash flow in 2019. Mid-to-high $50s WTI oil is a decent situation for Crescent Point as long as Canadian oil differentials remain under control. It is currently valued at only 3.0x projected 2019 EBITDAX. A 3.5x multiple would value it at around $4.50 per share. Crescent Point Energy ( CPG The issue of differentials should continue to be monitored since that could have a significant impact on Crescent Point Energy's results. Canadian differentials have improved after Alberta announced oil production curtailments late in 2019, and it has been trying to ease the curtailments gradually to keep prices supported. This article uses $USD unless otherwise indicated and assumes an exchange rate of CAD$1.31 to USD$1.00. 2019 Outlook At Strip Prices At current strip prices (such as $57 WTI oil) Crescent Point Energy may be able to
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