The Crescent Point business plan has been in place and unchanged since the company's inception in 2001. There are three key elements in the Crescent Point strategy and the Trust relies on all three to drive unitholder growth in reserves, production and cash flow.

Acquire

Crescent Point uses its excellent balance sheet and growth capital to acquire focused, long life, high quality reserves and production in Western Canada. The Trust focuses on accretive large oil or gas in place acquisitions with stable production profiles and significant development upside.

Manage Risk

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.

Develop and Exploit

Crescent Point uses its large, low risk development drilling inventory to maintain production, reserves and distributions. The Trust currently has more than 10 years of drilling inventory, equating to more than $1.8 billion of development capital projects to maintain current production. This portfolio of internal projects is an industry leader for a trust of Crescent Point's size.