Company Description:
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, the Trust maintains a conservative balance sheet with significant unutilized lines of credit. The Trust targets a debt to cash flow of 1.0 times or less. The Trust actively hedges commodity prices using a rolling 36-month price risk management program and hedges up to 65 percent of after Crown royalty volumes using a portfolio of swaps, collars and put option instruments.
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, the Trust maintains a conservative balance sheet with significant unutilized lines of credit. The Trust targets a debt to cash flow of 1.0 times or less. The Trust actively hedges commodity prices using a rolling 36-month price risk management program and hedges up to 65 percent of after Crown royalty volumes using a portfolio of swaps, collars and put option instruments.