If the deal closes, Crescent Point says it plans to raise its dividend by 15 per cent on an annual basis. ) shares fell to their lowest levels since July on Tuesday as investors digested the company’s latest deal in Alberta’s Montney shale play.Under the terms, Hammerhead shareholders will receive $21 per fully diluted common share through a combination of about $1.5 billion in cash and 53.2 million common shares of Crescent Point. The companies expect the transaction to close in December.
“This transaction is expected to be immediately accretive to our per-share metrics and enhance our return of capital profile for shareholders,” Crescent Point CEO Craig Bryska stated in a news release on Monday. “Crescent Point will have a dominant position in both the Alberta Montney and Kaybob Duvernay plays."
'What are you, an idiot?': Kevin O’Leary says people are wasting 15 to 20% of their income on ‘stupid stuff’ like coffee and sandwiches — here’s what he wants you to do instead ‘She ran rings around Warren Buffett’: An IRS auditor secretly turned her $5K nest egg into a $22M fortune — here are the 3 simple strategies that made Anne Scheiber richOTTAWA -Canadian market participants expect the Bank of Canada to start cutting its key policy rate from a 22-year high of 5.00% in April 2024, a month later than the previous forecast, according to a survey released by the central bank on Monday.
Warren Buffett's business partner trashed VCs, shared his recipe for success, and pointed out a big difference between Heinz ketchup and Kraft cheese.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: GlobalCalgary - 🏆 50. / 61 Read more »