Crescent Point Energy Corp.

10:23 AM EST - Crescent Point Energy Corp. : Has entered into an agreement to acquire additional Kaybob Duvernay assets and is increasing its base dividend. Kaybob Duvernay acquisition adds 130 net locations and increases drilling inventory in the play to over 20 years. Increasing first quarter 2023 base dividend by 25 percent to $0.10 per share, or $0.40 per share annually. Excess cash flow of $1.25 billion expected in 2023, at US$80 WTI, based on annual production of 138,000 to 142,000 boe/d. Crescent Point Energy Corp. shares T.CPG are trading up $0.13 at $9.15.

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