Crescent Point, Calgary, AB

Crescent Point strives to manage the risks associated with the oil and gas industry and to provide long-term stability to its dividends. To accomplish this, we maintain a conservative balance sheet with significant unutilized lines of credit. We also target a debt to cash flow ratio of 1.0 times or less. Crescent Point actively hedges commodity prices, using a rolling 3-½ year price risk management program. We hedge up to 65 percent of after-Crown royalty volumes, using a portfolio of swaps, collars and put option instruments. Crescent Point uses its large, low-risk drilling inventory to maintain production, reserves and dividends. We currently have more than 7, 450 locations of low-risk development inventory and more than 700 million boe of possible incremental reserves. Crescent Point’s project portfolio has become an industry leader among companies of our size.