An oilfield pumpjack, belonging to Crescent Point Energy, works producing crude near Longview, Alberta on Sept. 10, 2020. Behind is a harvested hay field.
CEO Craig Bryksa said the company’s wells in the area as of the third quarter of 2023 were producing in line with or ahead of expectations. Together, the two regions represent what Crescent Point believes are its greatest opportunity. In August, the company announced it would sell off its North Dakota assets in order to focus more on the Montney and Duvernay.RBC’s takeover of HSBC Canada may raise banking fees for Canadians, MPs say
The company said the loss amounted to $1.52 per share for the quarter ended Sept. 30, compared with a profit of $466.4 million or 82 cents per share a year earlier.
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