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 strong balance sheet with significant unutilized lines of credit. 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.
|Legend||Q4 16||Q1 17||Q2 17||Q3 17||Q4 17|
|legend||Q4 16||Q1 17||Q2 17||Q3 17||Q4 17|
|Floor Hedge Price||75.26||69.34||68.81||72.39||72.61|
(1) As of Aug. 5, 2016
(2) Floor hedge price is calculated using the forward strip for the 3-way collar hedges. Floor hedge price of 3-way collar hedges are subject to change based on forward market prices.