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How to earn a 10% rate of return on your investments
– thestar.com
The secret to high returns is to buy quality stocks with a history of steady dividend increases and wait a few years.Crescent Point snaps up Lightstream oil and gas assets for $378 million
– canadianbusiness.com
CALGARY – Crescent Point Energy Corp. (TSX:CPG) is bulking up its holdings in Saskatchewan and Manitoba through a $378-million deal with Lightstream Resources Ltd. (TSX:LTS)
The land, near where Crescent Point already operates, currently produces about 3,300 barrels of oil equivalent per day and is expected to generate about $51 million in free cash flow over the next year. The deal is expected to close by the end of the month.
Crescent Point also said Tuesday it’s bumping up its capital spending this year by $200 million to $2 billion because of a combination of factors, including recent acquisitions, promising drilling results in southeast Saskatchewan and good performance from other assets.
Its total average production for this year is now expected to be 140,000 barrels per day, up from 138,000.
Lightstream said it will use the proceeds from the sale announced Tuesday, and others, to pay off debt. Including the Crescent Point deal, Lightstream has sold $729 million in assets this year — well ahead of its goal of divesting $600 million by the end of next year…
The land, near where Crescent Point already operates, currently produces about 3,300 barrels of oil equivalent per day and is expected to generate about $51 million in free cash flow over the next year. The deal is expected to close by the end of the month.
Crescent Point also said Tuesday it’s bumping up its capital spending this year by $200 million to $2 billion because of a combination of factors, including recent acquisitions, promising drilling results in southeast Saskatchewan and good performance from other assets.
Its total average production for this year is now expected to be 140,000 barrels per day, up from 138,000.
Lightstream said it will use the proceeds from the sale announced Tuesday, and others, to pay off debt. Including the Crescent Point deal, Lightstream has sold $729 million in assets this year — well ahead of its goal of divesting $600 million by the end of next year…
