Tuesday, October 7, 2025

Latest

Crescent Point Energy Looks To Conduct Share Buyback Program As Oil Rises

Despite the soaring price of oil currently, it appears that Crescent Point Energy (TSX: CPG) views its best use of capital is still share buybacks. The firm this morning indicated that it has seen its request for a normal course issuer bid be approved by the Toronto Stock Exchange.

The share buyback program will see the company repurchase up to 10% of its currently outstanding float over the course of the next year. In share terms, it amounts to up to 57.3 million shares being repurchased between March 9, 2022, and March 8, 2023.

The program will be facilitated via both the Toronto Stock Exchange and the New York Stock Exchange, and is limited to a maximum of 1.4 million share repurchases per day. An automatic share purchase plan is to be put in place to enable repurchases during internal blackout periods.

Under the current program in place, the firm has repurchased 8,076,800 common shares, at an average price of $7.43 per each, amounting to roughly $60.0 million in capital outlay. The company has previously indicated it intends to conduct up to $150 million in share repurchases by the midpoint of the year.

Crescent Point Energy last traded at $9.22 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Crescent Point Drops $1.7 Billion To Acquire Spartan Delta’s Montney Assets

Consolidation continues apace in the Canadian oil and gas sector. Crescent Point Energy (TSX: CPG)...

Tuesday, March 28, 2023, 09:14:06 AM

Crescent Point Energy Renews Share Buyback Program

Crescent Point Energy (TSX: CPG) (NYSE: CPG) has seen the Toronto Stock Exchange approve its...

Friday, March 5, 2021, 08:14:38 AM

Crescent Point Projects 131,000 – 135,000 BOE/D Average Production In 2022

Crescent Point Energy Corp. (TSX: CPG) reported this morning its preliminary production outlook for 2022....

Monday, September 13, 2021, 09:46:00 AM

Crescent Point Posts $2.1 Billion Net Income For Q2 2021

Crescent Point Energy Corp. (TSX: CPG) released today its financial results for the quarter ending...

Wednesday, July 28, 2021, 09:28:00 AM

Crescent Point Posts $77.5 Million Net Income For Q3 2021

Crescent Point Energy Corp. (TSX: CPG) released today its financial results for the quarter ending...

Thursday, October 28, 2021, 09:26:50 AM