Crescent Point (CPG) Divests Non-Core Assets in Saskatchewan

Crescent Point Energy Corp. (CPG) has inked an agreement to sell off its non-core assets in Saskatchewan to Saturn Oil & Gas Inc. The total consideration for the deal is C$600 million, which will be financed in cash. The non-core assets put up for sale include Flat Lake and Battrum. The transaction is expected to close toward the end of the second quarter of 2024.Crescent Point has stated that it has rebuilt its asset base over time to enhance sustainability in the long-term. The company was able to realize ...