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3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Oct 31, 2019 · 8 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 1
    October 31, 2019 Q3 CONFERENCE CALL Q3 2019 Conference Call CRESCENT POINT CRESCENT POINT
  2. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 2
    Executing on Corporate Deliverables Accomplishments Actions Q3 CONFERENCE CALL FOCUSING ASSET BASE Executed 950MM of dispositions YTD 2019 REDUCING NET DEBT Net debt expected to be reduced by 1.2B in 2019 ENHANCED…
  3. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 3
    Disciplined Capital Allocation & Share Repurchases Disciplined Capital Allocation (2019E) Share Repurchases (2019E) Q3 CONFERENCE CALL 2.63B Total 125MM Total 54MM 1.38B Share repurchases / budgeted for Debt Reduction…
  4. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 4
    Q3 2019 Financial Highlights and Updated Guidance Q3 adjusted funds flow of 389.2MM (0.71/share) Q3 CONFERENCE CALL Expect to reduce net debt by 1.2B in 2019 Executed 950MM of dispositions YTD 2019 Extended maturity of…
  5. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 5
    Balance Sheet Strength Q3 CONFERENCE CALL 1.2B of Liquidity 2.0B Expect to reduce net debt by 1.2B in 2019 (1.6B since 2018) of Liquidity Bank Line Covenant-based credit facilities and senior notes Elected to reduce…
  6. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 6
    Commodity Hedging Strategy 80,000 100 Weighted Avg. Hedge Price Oil Hedge Volume (bbl/d) 90 49% Q3 CONFERENCE CALL 60,000 46% (CDN/bbl) 80 37% 34% 40,000 70 26% 60 20,000 50 - 40 Q4 2019 Q1 2020 Q2…
  7. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 7
    Q3 2019 Operational Highlights and Improving Cost Structure Q3 production of 155,708 boe/d (90% liquids) Q3 CONFERENCE CALL Q4 production to benefit from completion of multi-well pad drilling in North Dakota Operating expenses…
  8. 3Q 2019 Earnings Call Presentation – Crescent Point Energy Corp. – slide 8
    Decline Rate Mitigation Consistent Advancement of Waterflood Programs Q3 CONFERENCE CALL ( of well conversions per year) 175 - 200 CRESCENT POINT 150 conversions YTD 2019 79 49 2017 2018 2019E 9

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