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- Crescent Factor Power Corp CPG reported Q1 2023 readjusted EPS of C$ 0.40 versus C$ 0.41 a year earlier.
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- .(* )The typical asking price decreased to C$ 72.88/ boe from C$ 91.43/ boe a year earlier.
- Capital from running tasks raised 11% Y/Y to C$ 473.4 million.
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- : CPG tasks typical yearly manufacturing of 160,000 boe/d – 166,000 boe/d, with advancement expense of C$ 1.15 billion-C$ 1.25 billion.
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- : The firm divulged a quarterly returns per share of C$ 0.10, payable on July 4, 2023, for investors of document as on June 15, 2023. .(* )The firm shut the procurement of Alberta Montney properties for C$ 1.7 billion.
- ” This procurement boosts the deepness of our costs supply, excess capital per share and also return of resources to investors. It additionally lines up with our lasting approach to concentrate on premium quality, scalable source plays that satisfy our specified possession standards. We are extremely delighted to run these properties and also see the possibility for considerable benefit via gets development, the possibility to establish a 2nd Montney bench offered the considerable source in position and also boosted effectiveness offered the resemblance and also distance to our Kaybob Duvernay properties,” claimed Craig Bryksa, Head Of State and also chief executive officer. .
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- : CPG shares are trading reduced by 0.29% at $6.77 on the last check Friday.
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.(* )Oil and also gas sales decreased 16% Y/Y to C$ 913.6 million, and also nobilities dropped 15% Y/Y to C$ 124.5 million.
Typical manufacturing stood at 139,280 boe/d (vs. 132,788 boe/d in the previous year), consisting of around 80% of oil and also fluids.
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.(* )CPG created an excess capital of C$ 153.4 million in Q1 2023, led by a high netback possession base.
Growth capital investment (consisting of exploration and also advancement, centers and also seismic costs) stood at C$ 314.2 million in the quarter.
Since March 31, 2023, internet financial debt was around C$ 1.4 billion.
2023 Support Reiterated
.(* )CPG anticipates a considerable excess capital of C$ 1.1 billion at $75/bbl WTI in 2023.
: CPG redeemed 5.1 million shares in Q1 2023 for C$ 48.5 million and also redeemed 5.4 million shares for C$ 55.1 million because Q1-end.
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On Might 8, as a preventative measure to the current Alberta wildfires, CPG briefly quit around 45,000 boe/d of manufacturing in the Kaybob Duvernay.
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