Crescent Point Energy Inc, Canada's No. 4 independent oil and gas producer, reported a first-quarter profit, compared with a year-earlier loss, driven by higher production. The company, whose shares have risen by nearly a quarter over the past year, said net income was C$30.89 million ($28.33 million), or 8 Canadian cents per share, in the three months ended March 31. Crescent Point reported a net loss of C$1.61 million in the same quarter of 2013.
Crescent Point Energy Corp is a Canada-based oil and gas exploration, development and production company. Shares of CPG traded higher by 0.23% or $0.1/share to $44.49. In the past year, the shares have traded as low as $35.25 and as high as $44.90. On average, 1202300 shares of CPG.TO exchange hands on a given day and today's volume is recorded at 955685.
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