Crescent Point Energy Corp.
CPG.TO
Toronto Stock Exchange11.72
CAD
-0.04
- -
Crescent Point Energy Corp.
CPG.TO
(Toronto Stock Exchange)
Recent
price
11.72
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Veren Inc. (TSX: VRN, NYSE: VRN), formerly Crescent Point Energy Corp., is a leading Canadian oil and gas exploration and production company focused on developing high-quality, light oil and liquids-rich assets in Western Canada. The company explores, develops, and produces crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves; its core properties include the Kaybob Duvernay and Alberta Montney formations in Alberta, as well as the Shaunavon and Viewfield Bakken areas in Saskatchewan, with operations spanning Alberta, Saskatchewan, British Columbia, and Manitoba. Veren maintains a multi-basin portfolio characterized by low-decline assets, strong market access, and efficient drilling techniques such as horizontal drilling and multi-stage fracturing. Founded in 2001 and headquartered in Calgary, Alberta, Veren has undergone significant strategic evolution, including a corporate name change from Crescent Point Energy Corp. approved by shareholders in May 2024 to better reflect its focus on integrity and sustainable energy production. Recent major changes encompass transformative acquisitions, such as the $1.7 billion cash purchase of Spartan Delta Corp.'s oil and liquids-rich Montney assets in Alberta in 2023, the C$2.55 billion acquisition of Hammerhead Energy's Montney assets later that year, and an announced all-stock merger with Whitecap Resources Inc. valued at approximately $10.4 billion in March 2025 to create a premier Canadian light oil and condensate producer with enhanced scale, inventory depth, and free funds flow. These transactions have bolstered Veren's production profile, targeting annual averages of 198,000 to 206,000 barrels of oil equivalent per day (boe/d) in 2024 with 65% oil and liquids, and projecting growth to around 260,000 boe/d by 2028 driven by Montney and Duvernay development; the company also generated $642 million in excess cash flow in 2024, returning 60% to shareholders via dividends and buybacks while reducing net debt by 35%. Veren emphasizes operational excellence, sustainability initiatives like carbon emissions reductions, and a returns-driven strategy serving energy markets across North America.