Crescent Point Energy's business plan has been in place and unchanged since the company's inception in 2001. There are three key elements in the Crescent Point strategy and the company relies on all three to drive unitholder growth in reserves, production and cash flow.
Acquire
Crescent Point uses its excellent balance sheet and growth capital to acquire focused, long life, high quality reserves and production in Western Canada. The Company focuses on accretive large oil or gas in place acquisitions with stable production profiles and significant development upside.
Manage Risk
Crescent Point strives to manage the risks associated with the oil and gas industry and to provide stability to its distributions over time. To accomplish this, Crescent Point maintains a conservative balance sheet with significant unutilized lines of credit.
Develop and Exploit
Crescent Point uses its large, low risk development drilling inventory to maintain production, reserves and distributions.. This portfolio of internal projects is an industry leader for a company of Crescent Point's size.
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