Saskatchewan player Crescent Point ends 2013 on a high as it joins NYSE #oil
24 Jan 2014
DAN HEALING CALGARY HERALD
Crescent Point ends 2013 on a high as it joins NYSE
Light oil producer Crescent Point Energy Corp. posted yearend production numbers that beat guidance as it celebrated it first day of trading on the New York Stock Exchange.
The company, which uses horizontal wells and multi-stage fracturing technology to produce oil in Saskatchewan, Alberta, North Dakota and, most recently, Utah, reported it exited 2013 with output of 126,500 barrels of oil equivalent per day, ahead of its previous guidance of 124,000 boe/d.
“We’re excited about our NYSE listing and the added exposure to the U.S. and international investor base,” said Scott Saxberg, president and CEO of Crescent Point, in a statement Wednesday night.