Crescent Point Energy Corp - Company Profile
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Crescent Point Energy Corp (Crescent Point), an independent oil and gas company. It acquires, explores for and develops oil and gas properties. Its portfolio of products includes light and medium crude oil, heavy crude oil, tight oil, natural gas liquids, shale gas and conventional natural gas. The company has interest in oil and natural gas reserves in Western Canada and the US. Crescent Point has crude oil and natural gas properties in Alberta, Saskatchewan and Manitoba provinces in Canada; and Montana and North Dakota in the US. The company’s portfolio of assets includes the Viewfield Bakken, Kaybob Duvernay, Shaunavon and Flat Lake Torquay resource plays in Canada and Bakken play in North Dakota. Crescent Point is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
Suite 2000, 585-8th Avenue Sw, Calgary, Alberta, T2P1G1
Website
www.crescentpointenergy.com
Telephone
1 403 6930020
No of Employees
777
Industry
Energy and Utilities
Ticker Symbol & Exchange
CPG (TSE)
Revenue (2022)
$2.4B
-9.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-61.6%
(2022 vs 2021)
Market Cap*
$5.3B
Net Profit Margin (2023)
XYZ
-57.7%
(2022 vs 2021)
* As of and is in US$
Crescent Point Energy Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Crude Oil |
| Tight Oil |
| Natural Gas |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In March, the company announced its plans to change its name to Veren Inc. |
| 2023 | Acquisitions/Mergers/Takeovers | In December, the company acquired Hammerhead Energy Inc for US$1.86 billion. |
| 2023 | Plans/Strategy | In August, the company announced its plans to sell its North Dakota assets to Kraken Resources for US$500 million. |
Competitor Comparison
| Key Parameters | Crescent Point Energy Corp | Cenovus Energy Inc | Suncor Energy Inc | Canadian Natural Resources Ltd | Ovintiv Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | United States of America |
| City | Calgary | Calgary | Calgary | Calgary | Denver |
| State/Province | Alberta | Alberta | Alberta | Alberta | Colorado |
| No. of Employees | 777 | 5,998 | 14,906 | 10,035 | 1,743 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Barbara Munroe | Chairman | Executive Board | 2019 | - |
| Craig Bryksa | Director; Chief Executive Officer; President | Executive Board | 2018 | - |
| Ken Lamont | Chief Financial Officer | Senior Management | 2016 | - |
| Ryan Gritzfeldt | Chief Operating Officer | Senior Management | 2018 | - |
| Mark Eade | Senior Vice President; General Counsel; Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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