Crescent Point Energy Corp. reported a Q1 loss of $411.7M due to asset sale impairment in Saskatchewan.
Crescent Point Energy Corp. reported a Q1 loss of $411.7M, attributed to a non-cash impairment charge from selling assets in Saskatchewan. Oil and gas sales increased to $1.11B, but the company's net earnings from operations decreased to 30 cents per share, down from 40 cents a year earlier. Crescent Point announced a $600M deal to sell non-core oil-producing properties in Saskatchewan to Saturn Oil & Gas.
May 10, 2024
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