0.2 C
Fort St. John
Wednesday, November 14, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
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Crescent Point reports $30.5M Q3 profit compared with a loss a year ago

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CALGARY, A.B. – Crescent Point Energy Corp. posted a profit of $30.5 million in its latest quarter compared with a loss of $270.6 million a year ago.

The energy company says the profit amounted to six cents per share for the quarter ended Sept. 30 compared with a loss of 50 cents per share in the same quarter last year.

Production in what was the company’s third quarter averaged 174,275 barrels of oil equivalent per day compared with 176,069 boepd in the third quarter last year.

Crescent Point says the production comprised of approximately 90 per cent oil and liquids.

The company’s average selling price was $67.15 per barrel of oil equivalent, up from $47.35 a year ago.

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In September, Crescent Point announced plans to reduce its workforce by 17 percent, sell some infrastructure assets and reduce its debt by more than $1 billion by the end of 2019.

(THE CANADIAN PRESS)

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Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

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Oilmen’s Bonspiel taking place at the FSJ Curling Club

FORT ST. JOHN, B.C. - The Fort St. John Curling Club will be hosting the Oilmen's Bonspiel this week at the Curling Club. Trudy Mitchell, General...